Gold prices strengthened today, with the US dollar falling to its lowest level in a month, for the second consecutive session, making the yellow metal priced in dollars less expensive for buyers abroad.
And gold rose in immediate transactions 0.3% to $ 1858.19 an ounce, by 0757 GMT, following rising to its highest level since the ninth of May at $ 1865.29, yesterday.
US gold futures rose 0.4% to $1,854.40.
The dollar, one of the safe havens competing with gold, is retreating broadly along with the decline in US Treasury yields, from their highest levels in years with strong easing from the Federal Reserve.
As for other precious metals, silver rose in spot transactions 0.4% to $21.86 an ounce, while the price of platinum fell 0.2% to $956.93, and palladium rose 1.4% to $2021.28.
