Gold prices soared to their highest level in three weeks on Tuesday, prompting all precious metals to gain, with the dollar and US Treasury yields falling again after hitting their highest levels in years, restoring the allure of the non-yielding precious metal.
Global gold prices rose during today’s trading, to win more than $4 in spot transactions. According to global market data, the yellow metal prices increased in spot transactions by 0.24%, or the equivalent of $4.1, to reach $1703.72 per ounce, by 09:55. in the morning, UAE time.
And gold futures contracts for December delivery increased by 0.63%, equivalent to 10.8 dollars, to reach 1712.75 dollars per ounce.
In terms of other precious metals, silver rose 1.85% to $ 20.97 an ounce, while platinum increased by 0.96% to $ 909.3, while palladium rose by about 2.91% to $ 2296.27.