Open Demo Account
Home / General / Gold is at its highest level in 4 weeks

Gold is at its highest level in 4 weeks

Adel 13 July, 2023 2:12 pm General

Gold prices rose on Thursday to their highest level in nearly a month, supported by the decline in the dollar after US inflation data, which raised hopes that the Federal Reserve would soon stop tightening its monetary policy.

Spot gold rose 0.2 percent to $1,959.94 an ounce by 0918 GMT, its highest since June 16.

US gold futures rose 0.1 percent to $1,964.40.

Consumer prices in the United States rose slightly in June and recorded their smallest annual increase in more than two years as inflation continued to decline.

As for other precious metals, spot silver rose 0.3 percent to $24.22 an ounce, and palladium rose 1.1 percent to $1,296.25.

Platinum jumped 1.4 percent to $960.04.

Tags

Check Also

Wall Street Rises Amid Tariff Uncertainty and Policy Hints from Trump

U.S. stock markets edged higher on Tuesday as investors analyzed the potential impact of upcoming …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends