[Fri, 15 Nov 2024 13:54:43 +0300]

London - Saba:
Gold prices are heading for their worst weekly performance in more than three years, pressured by a stronger dollar amid expectations of fewer interest rate cuts by the Federal Reserve.

Reuters reported that gold rose in spot transactions only 0.1 percent to $ 2569.69 an ounce after falling for five sessions. Gold has fallen more than four percent since the beginning of the week so far.

Gold hit a two-month low in the previous session, and fell more than $ 220 from its record peak last month.

U.S. gold futures rose 0.1 percent to $2,574.50.

As for other precious metals, silver in spot transactions rose 0.2 percent to $ 30.52 an ounce, platinum rose 0.1 percent to $ 940.68, and palladium added 0.5 percent to $ 946.00, and the three metals are heading for a weekly decline.

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