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Gold Gains as Dollar Stays Low
Gold prices have risen for the third consecutive week, reaching $4,431.09 per ounce in spot transactions, marking a 0.4% increase as the dollar declined near its lowest levels in several months against major currencies. Additionally, U.S. gold futures for December increased by 0.3% to $4,487.70. The gains in gold were accompanied by rises in other precious metals, such as silver, which increased by 0.8% to $66.33, and platinum, which went up by 0.5% to $1,779.50. This comes amid a stable dollar against the euro, yen, and British pound, while currencies like the Australian dollar and the New Zealand dollar have gained.
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