London - Saba:
Gold prices stabilised today, but are heading for weekly gains as safe-haven demand increased amid rising geopolitical tensions, while palladium remained near a ten-month high.
Reuters reported that gold in spot transactions recorded $ 2733.63 an ounce, and prices hit a record high last Wednesday at $ 2758.37, and are still up 0.5 percent for the week so far, while US gold futures fell 0.1 percent to $ 2746.3 an ounce.
In other precious metals, silver fell 0.2 percent to $ 33.63 an ounce, platinum rose 0.04 percent to $ 1026.70, and palladium rose 0.4 percent to $ 1162 an ounce after gaining as much as 9.4 percent in the previous session, its highest level since December 2023.
Gold prices stabilised today, but are heading for weekly gains as safe-haven demand increased amid rising geopolitical tensions, while palladium remained near a ten-month high.
Reuters reported that gold in spot transactions recorded $ 2733.63 an ounce, and prices hit a record high last Wednesday at $ 2758.37, and are still up 0.5 percent for the week so far, while US gold futures fell 0.1 percent to $ 2746.3 an ounce.
In other precious metals, silver fell 0.2 percent to $ 33.63 an ounce, platinum rose 0.04 percent to $ 1026.70, and palladium rose 0.4 percent to $ 1162 an ounce after gaining as much as 9.4 percent in the previous session, its highest level since December 2023.