Gold up boosted by lower dollar and bond yields ‎

Gold prices rose today, Tuesday, during weak trading due to the New Year holiday and in light of the decline of the dollar and bond yields due to growing expectations that the Federal Reserve (the US central bank) will reduce interest rates in March.

Gold rose in spot transactions by 0.5%, reaching $2,063.78 per ounce by (04:01 GMT), while US gold futures rose by 0.3%, reaching $2,074.90 per ounce.

Silver increased in spot transactions by 0.8% to $24.37 per ounce, platinum increased 0.2% to $972.85, while palladium rose by 0.6%, recording $1,209.74.