Gold hits $4,486.88 per ounce
Gold prices rose today by more than three percent, reaching their highest level in over two and a half months, following a surprising announcement from the U.S. Treasury to support liquidity, which led to a decline in bond yields and the dollar. The spot price of gold reached $4,486.88 per ounce, after previously hitting a high of $4,491.16, while futures increased to $4,546.10. Gold also made a significant breakthrough by surpassing its 100-day moving average. Additionally, the prices of other precious metals, such as silver, platinum, and palladium, rose noticeably.
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