Gold is rising again after a record decline

by times news cr

2023-12-05T08:03:27+00:00

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Gold prices rose during these‌ moments of trading, today, Tuesday, with a decline in Treasury bond​ yields ​after traders slightly reduced⁤ their bets on an interest rate cut by the Federal Reserve in the first quarter of‌ 2024.

Gold futures rose​ by 0.47% to $2,052⁣ per ounce, while spot gold ⁣contracts rose by 0.25% ⁣to $2,034 ⁤per ounce.

Gold ‍prices rose to an all-time high of $2,152.30 on Monday, before⁢ falling more ⁣than $100 in one day to close 2% lower. On the⁢ other⁢ hand, ⁤the dollar index rose 0.11% to 103,760 points.

Silver rose in spot transactions 0.3% ‍to $24.55⁢ per‌ ounce, palladium⁢ fell 0.2% ​to $974.05 ⁤per ounce, while platinum fell 0.5% to⁢ $912.04.

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