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Precious metals: Gold set to increase monthly

28/04/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Due to economic problems and a weak dollar, gold is on track to increase monthly. On Friday, gold prices were ready for a second monthly gain, while persistent economic concerns and a weaker dollar pushed investors to the safe haven asset.

U.S. gold futures remained stable at $1,999.00, while spot gold held steady at $1,989.50 per ounce at 3:10am GMT, and headed for a monthly gain of 1.1%. Gold reached a more than a year high of $2,048.71 in

mid-April.

For its part, the money remained stable at 24.95 dollars. Spot platinum increased by 0.1% to $1,078.21, palladium added 0.3% to $1,499.96

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