LONDON August 23.2024 (Saba) - Gold prices on Friday rose, as investors awaited a speech by Jerome Powell, chairman of the Federal Reserve, regarding interest rates.
Gold rose in instant transactions by 0.6 percent to $2,497.19 per ounce, but it remained below an unprecedented high level of $2,531.60 last Tuesday.
US gold futures also increased 0.6 percent to $2,532.80.
Prices fell by about 1 percent in the previous session, putting them on track to record weekly losses of 0.3 percent against the backdrop of a rise in the dollar index and benchmark US bond yields for ten years after an unexpected increase in the unemployment rate.
As for other precious metals, silver increased in spot transactions by about 1.4 percent to $29.39 per ounce, and rose 1.3 percent during the week, platinum rose 0.5 percent to $948.10, and palladium rose 0.2 percent to $934.83.
Z.E
resource : SABA
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