Monday, 17 June 2024

Gold prices head to record best monthly performance since ‎July 2020‎

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Gold prices rose today, heading to record the best monthly performance since July 2020, as the banking system crisis led to the expectation that the Federal Reserve (the US central bank) would temporarily stop raising interest, which makes the yellow metal more attractive.

Reuters reported that gold rose in spot transactions by 0.1 percent, to reach $ 1981.59 an ounce at 0321 GMT, while US gold futures rose by 0.1 percent, recording $ 1982.00.

Meanwhile, silver settled in spot transactions at $ 23.87 an ounce, and platinum also settled at $ 986.12, while palladium fell 0.5 percent, bringing its price to $ 1457.39.

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