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Metals: the price of gold rises

26/10/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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The price of gold rose on Thursday. The conflict in the Middle East continues to worry investors. Despite the appreciation of the US dollar and bond yields, bullion, a safe haven, has remained firm

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U.S. gold futures rose 0.1% to $1,997.10. Spot gold rose 0.4% to $1,986.79 per ounce at 0.348 GMT. Gold is often considered a safe asset in times of economic and political turmoil, even if rising interest rates reduce the appeal of bullion, which does not earn interest

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For other precious metals, cash rose 0.2% to $22.93 per ounce, platinum fell 0.4% to $899.50, and palladium fell 0.1% to $1,124.80.

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