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Gold: rising prices

03/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Soutenus par un dollar plus faible et des achats de valeurs refuges déclenchés par les inquiétudes concernant les politiques US President Donald Trump's tariffs, gold prices strengthened on Monday after reaching a record low more than three weeks during the previous session.

Spot gold gained 0.3% to $2,868.54 per ounce at 0939 GMT. US gold futures rose 1% to $2,878.9. Han Tan, chief market analyst at Exinity Group, said that “the decline in gold remains limited, given the apparent demand for safe havens in a context of growing geopolitical and economic uncertainty.” Gold fell by more than 1% in the previous session, falling back from records set several times this year, after US inflation data suggested that the Federal Reserve may take a cautious stance when it comes to cutting interest rates this

year.

Spot silver was up 0.6% to $31.35 per ounce, platinum gained 0.3% to $950.2, and palladium added 1.2% to $929.79.

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