Gold Prices Rise Globally Due to Increased Demand

Gold prices rose on Monday, driven by growing demand for the yellow metal as a safe haven amid concerns over impending tariffs that U.S. President Donald Trump plans to impose, along with expectations of interest rate cuts by the Federal Reserve (U.S. Central Bank) later this year.اضافة اعلان

According to Bloomberg News, gold increased by 1% in spot trading, reaching $3,025.12 per ounce. U.S. gold futures also rose by 0.3%, reaching $3,030.70 per ounce.

As for other precious metals, silver rose by 0.1% in spot trading to $33.06 per ounce, platinum increased by 1.1% to $981.25, and palladium climbed by 0.5% to $962.54.

-- (Petra)