[29/November/2023]

LONDON November 29. 2023 (Saba) - Gold prices rose on Wednesday, touching their highest levels in nearly seven months, with the decline of the dollar and US bond yields amid increasing investor confidence that the US Central Bank will reduce interest rates during the first half of next year.

Reuters reported that the gold price rose in spot transactions by 0.2 percent to $2,044.69 per ounce, after reaching its highest levels since May 5th.

US gold futures for December delivery rose 0.3 percent to $2,045.30 an ounce.

As for other precious metals, silver fell in spot transactions 0.2 percent to $24.96 per ounce, platinum fell 0.3 percent to $936.78, while palladium rose 0.2 percent to $1,056.62 per ounce.


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