Gold Rises on Dollar Decline

  • International
  • 7 January 2025
1

Gold prices rose on Tuesday, supported by a weaker dollar, as traders awaited whether US President-elect Donald Trump's tariff plans will be less severe than expected. Investors are also waiting for US jobs data for clues about the Federal Reserve's path on interest rates.

Spot gold rose 0.4 percent to $2,644.79 an ounce, while U.S. gold futures rose 0.3 percent to $2,655.00.

Among other precious metals, spot silver rose 0.6 percent to $30.12 an ounce on Tuesday, platinum rose 0.6 percent to $938.55, and palladium gained 0.4 percent to $924.52.

Source (Al-Arabiya.net Website, Edited)

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