The gold price rose for the third time in a row to reach its highest level in a week on Wednesday.

US gold futures rose 0.5% to $2,643.70.Spot gold rose 0.32% to $2,640.19 per ounce at $2,640.19 per ounce at 0323 GMT, its highest level since November 11. In reality, the rise in the US dollar stopped after reaching its highest level in a year last week, making bullion more attractive to buyers with other currencies. The market is adjusting its expectations for Fed cuts next year as inflation becomes a bigger concern, which could be negative for gold

Spot silver was stable at 31.22 per ounce, platinum rose 0.1% to 975.10 dollars to 973.90 dollars, and palladium remained stable at 1,035.43 dollars.