Gold reaches three-month high amid falling dollar
Gold prices are set to achieve gains for the third consecutive week after reaching their highest level in over three months, supported by a decline in the dollar and the U.S. Treasury Department's intervention to repurchase government bonds. Spot gold prices increased by 1.5% to $1,587.23 per ounce, and futures contracts rose by 1.6% to $1,645, marking a 5% increase since the beginning of the week. Additionally, other precious metals saw gains: silver up 2% to $69.48 per ounce, platinum up 2.5% to $1,873.58, and palladium up 1.2% to $1,349.58.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)