[27/November/2023]

LONDON November 27. 2023 (Saba) - Gold prices rose on Monday, to the highest level in six months, supported by the weakness of the dollar and expectations that the Federal Reserve (the US central bank) will end its cycle of increasing interest rates.

According to Bloomberg Economic News Agency, gold in spot transactions rose 0.4 percent to $2,010.87 per ounce, after reaching the highest level since last May 16, while American gold futures rose 0.4 percent to $2,011.90.

The dollar index fell 0.1 percent, remaining not far from the lowest level in more than two months that it touched last week, which makes gold less expensive for holders of other currencies.

As for other precious metals, silver in spot transactions increased 1.5 percent to $24.67 per ounce, platinum stabilized at $930.51, while palladium rose 0.2 percent to $1,070.76.


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