Tuesday, March 5, 2024

Gold rises as the dollar depreciates and confidence in Ukraine falls

Date:

D + D – Normal size

Gold prices rose nearly 1 percent on Wednesday, refuting weak dollar support and renewed doubts about the possibility of a ceasefire between Russia and Ukraine.

Gold spot transactions rose 0.7 percent to $ 1932.14 an ounce in 1926 GMT.

US gold futures rose 1.1 percent to $ 1,939 an ounce.

The US dollar index fell 0.6 percent to a two-week low, leaving gold at a lower price than other currencies.

At Tuesday’s session, yellow metal prices fell 1.8 percent after February 28 and recovered to close at only 0.2 percent, with signs of improvement in talks between Russia and Ukraine.

Among other precious metals, spot silver was up 0.1 percent at $ 24.78 an ounce and platinum was up 0.6 percent at $ 988.27.

Palladium was up 4.6 percent at $ 2,246.69, hitting a two-month low of $ 2,032.97 on Tuesday.

Print
Email




See also  Russian Soyuz missile to launch another British satellite on September 14
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

The Future of Gambling in the UAE: Economic, Legal, and Social Dimensions

The United Arab Emirates (UAE) is on the brink...

Comparing the Best Trading Platforms in the UAE: Features and Benefits

Trading commodities, currency pairs, ETFs, and other investment vehicles...

Evgenia Timofeenko: What does it mean to be an investor in the hotel business?

Investors are always interested in finding effective objects for...

AFC Champions League 2023/24: Last-16 Fixtures, Latest Odds & Preview

The 2023/24 AFC Champions League group stage has been...