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Gold: price increase

21/11/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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As investors await the minutes of the Federal Reserve's latest meeting for more guidance on its interest rate outlook, the price of gold rose on Tuesday, supported by a weaker US dollar and Treasury yields.

U.S. gold futures gained 0.5% to $1,990.10. Spot gold was up 0.6% at $1,988.29 per ounce at 0133 GMT. The dollar remained near its lowest level in two and a half months, with investors expecting US interest rates to fall next year.

For other metals, cash rose 1% to $23.64 per ounce, platinum was stable at $918.59, while palladium fell 0.2% to $1,076.26.

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