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Gold: rising prices

12/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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On Monday, the price of gold rose thanks to optimism about the reduction of American interest rates and geopolitical tensions.

Spot gold rose 0.5% to $2,442.38 per ounce at 0856 GMT. US gold futures gained 0.3% to $2,481.50. According to Mike Ingram, a market analyst at Kinesis Money, heightened geopolitical risk and volatility in other markets remain favorable to gold. According to Giovanni Staunovo, an analyst at UBS, “for gold to reach a new record, inflation must be below market expectations

.”

Silver rose 1.5% to $27.86 per ounce, platinum 1.7% to $937.80, and palladium increased 3.1% to $933.21.

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