International Economy
Gold Rises Globally as Dollar Weakens
SadaNews - Gold prices rose today, Friday, after the inflation reading in the United States largely matched expectations, easing fears of an imminent interest rate hike by the Federal Reserve (the U.S. central bank), along with a decline in the dollar and Treasury bond yields.
The price of gold in spot transactions increased by 0.8% to $4032.74 per ounce, while U.S. gold futures for August delivery rose by 1% to $4047.60 per ounce.
Regarding other precious metals, silver in spot transactions increased by 1.7% to $58.38 per ounce, platinum rose by 1.8% to $1606.61, and palladium increased by 1.9% to $1188.19.
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