[Wed, 20 Nov 2024 16:47:26 +0300]

London - Saba:
Gold prices rose for the third consecutive session to their highest level in a week today, Wednesday, driven by the weakness of the dollar and the escalation of tensions between Russia and Ukraine, which boosted demand for safe-haven assets.

According to the "CNBC Arabia" website, spot gold rose 0.19 percent to $2,636.62 per ounce, the highest level since November 11.. Gold futures in the United States rose 0.88 percent to $2,639.80 per ounce.

The rise of the US dollar stopped after it recorded its highest level in a year last week, making gold more attractive to buyers holding other currencies.

Among other precious metals, spot silver was steady at $31.22 an ounce, platinum rose 0.1 percent to $975.10 and palladium was steady at $1,035.43.

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