Gold prices continued to rise today, Monday, after touching a historic high last week, driven by increased demand for safe havens due to ongoing geopolitical tensions, concerns about tariffs, escalating trade disputes, and growing hopes that the Federal Reserve (U.S. central bank) will lower interest rates.
اضافة اعلان
According to Bloomberg News, gold prices in the spot market rose by 0.1% to reach $2,986.53 per ounce, while U.S. gold futures dropped by 0.2% to $2,994.60 per ounce.
Gold, seen as a hedge against political risks and inflation, has gained about 14% since the beginning of this year.
Markets are now awaiting the U.S. Federal Reserve’s monetary policy meeting next Wednesday, followed by a speech from Fed Chairman Jerome Powell.
As for other precious metals, silver dropped by 0.1% to $33.76 per ounce, platinum rose by 0.1% to $994.50 per ounce, while palladium fell by 0.1% to $963.83 per ounce. - (Petra)
