Precious metals: gold rises this Thursday : Orishas-finance

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Precious metals: gold rises this Thursday

27/04/2023

Source : ORISHAS FINANCE

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Precious metals: gold rises this Thursday

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While investors looked at U.S. GDP growth data for clues about when the Federal Reserve might consider suspending interest rate increases, the price of gold rose on Thursday, supported by a weaker dollar.

U.S. gold futures rose 0.2% to $2,000.20, while spot gold rose 0.1% to $1,991.14 per ounce at 0018 GMT. Gold, a safe haven, tends to appreciate in time of economic or financial uncertainty, while rising interest rates also reduce the attractiveness of zero-return assets.

For other precious metals, cash rose by 0.1% to $24.92 per ounce, while platinum fell by 0.1% to $1,088.23. Palladium fell 0.3% to $1,507.62

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