Gold Near Highest Level in a Month

SadaNews Economy - Gold prices traded today, Friday, near their highest levels in more than a month, as the general decline of the dollar and increased expectations of the Federal Reserve (the US Central Bank) cutting interest rates in September boosted demand for the precious metal.

Gold remained stable in spot transactions at ($3413.80) per ounce, after reaching its highest level since July 23, and gold has increased by (3.6%) since the beginning of the month to date.

US gold futures for December delivery also remained stable at ($3473.80).

In other metals, silver in spot transactions fell by (0.1%) to reach ($39.02) per ounce, platinum decreased by (0.2%) to reach ($1356.69), and palladium stabilized at ($1102.75).