Gold stays up as dollar weakens
Gold prices remained steady in early trading today, but are on track to achieve gains for the third consecutive week, supported by a decline in the value of the dollar. Gold traded at approximately $4,514.23 per ounce in spot transactions, up about 3.2% since the beginning of the week, while futures remained steady at $4,571.20 per ounce. Other precious metals showed stability or gains as well, with the weakening dollar boosting gold's attractiveness and reducing the cost of commodities priced in it. Data indicates that gold continues its upward trend due to the decline of the US currency, maintaining consistent weekly gains.
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