Gold prices rose today amid a decline in the dollar, and investors await imminent US economic data that provides a clearer picture of the path of raising interest rates from the US Central Bank.
Reuters reported that the spot gold price rose 0.2 percent to $1844.59 an ounce, after hitting its lowest level since late December in the previous session.
US gold futures rose 0.2 percent to $1,853.50.
As for other precious metals, the price of silver in spot transactions rose 0.1 percent to $ 21.75 an ounce, platinum rose 0.6 percent to $ 922.29, and palladium increased 0.5 percent to $ 1505.44.
The dollar index is down slightly today from its highest level in more than a month hit on Friday, making US dollar-denominated bullion more attractive to buyers holding other currencies.
Financial markets now expect the Federal Reserve to raise interest rates to just under 5.3 percent by July.
Follow SANA's news on Telegram https://t.me/SyrianArabNewsAgency