Increase in Global Gold Prices

SadaNews Economy - Gold prices have risen, supported by expectations that the Federal Reserve (the U.S. central bank) will lower interest rates this month and increased demand for safe-haven assets amid the ongoing U.S. government shutdown.

Gold rose in spot transactions by 0.6% to $3,887 per ounce, after hitting its highest level at $3,896.49 earlier in the session.

U.S. gold futures for December delivery also increased by 0.4% to $3,911.80.

As for other precious metals, silver rose in spot transactions by 0.8% to $47.70 per ounce, platinum jumped 1.4% to $1,579.05, while palladium remained steady at $1,244.75.