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Precious metals: the price of gold wants to record a third weekly increase

27/10/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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Cette fin de semaine, le prix de l' or est en passe d' enregistrer une troisième hausse weekly consecutive. The conflict in the Middle East is attracting investors to bullion security

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U.S. gold futures remained stable at $1,996.80, while spot gold rose 0.1% to $1,986.76 per ounce at 0341 GMT. According to Kyle Rodda, a financial market analyst at Capital.com, “gold prices will depend on the Israel-Hamas conflict as long as things are likely to get worse.” Gold gained around 9% as investors sought to protect themselves from the potential fallout from the war between Israel and Hamas, which escalated earlier this month

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For other precious metals, cash settled at $22.84 per ounce, platinum rose 0.5% to $904.71, and palladium increased 0.2% to $1,135.65.

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