2023-06-26 03:40:00
© Archyde.com. Gold bars during their display in Switzerland on July 13, 2022. Photo: Dennis Balibus – Archyde.com
(Archyde.com) – It rose on Monday in early Asian transactions, supported by a decline in the US dollar, although the prospect of raising US interest rates once more this year to rein in negatively affected the appetite for the precious metal.
By 0051 GMT, it had increased 0.3 percent to $1,926.29 an ounce. And US gold futures rose 0.3 percent to $ 1936.10 an ounce.
It fell 0.2 percent, which makes gold more attractive to buyers holding other currencies.
Gold fell 1.8 percent last week, following statements related to tightening monetary policy by several US central bank officials.
As for other precious metals, it rose 0.7 percent to $22.57 an ounce. Platinum rose 0.8 percent to $924.13 an ounce. It rose 1 percent to $1,297.63 an ounce.
Palladium fell to a four-year low of $1,269.09 an ounce on Thursday.
(Prepared by Marwa Salam for the Arabic Bulletin)
1687830122
#Gold #rises #supported #dollars #decline #Archyde.com
