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Precious metals: slight increase in gold following the withdrawal of Joe Biden

22/07/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce lundi, l' or a enregistré une légère hausse, tandis que le dollar s' affaibli in response to President Joe Biden's decision to withdraw from the presidential race in 2024.

Spot gold rose 0.2% to $2,404.95 per ounce at 1021 GMT, while US gold futures rose 0.3% to $2,406.50. The gold price hit an all-time high of $2,483.60 last week, due to the increased chances of a reduction in US interest rates this

year.

The dollar relaxed following Joe Biden's decision on Sunday to abandon his re-election bid, making bullion more attractive to buyers holding other currencies.

As for other metals, cash fell 0.6% to $29.09 after falling nearly 5% last week. Platinum fell 0.8 percent to $955.23 while palladium rose 0.7 percent to $912.44

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