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Find all the economic and financial information on our Orishas Direct application to download on Play StoreBefore the minutes of the latest US central bank policy meeting, the gold price rose for the sixth time in a row on Wednesday. It is supported by a weaker dollar.
Spot gold rose 0.4% to $2,030.7 per ounce at 0411 GMT, the highest level since Feb. 9. US gold futures rose 0.1% to $2,041.3 per ounce. The dollar index extended its losses for the third day in a row, making bullion at the greenback price more attractive to foreign buyers. Jigar Trivedi, a senior analyst at Reliance Securities says that “the dollar index fell slightly, which supports gold prices and we are also seeing safe-haven purchases due to growing tensions in the
Middle East.”Spot platinum was up 0.4% to $904.75 per ounce, palladium rose 0.8% to $982.59, and silver gained 0.7% to $23.14 per ounce.
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