Gold Prices Rise as Dollar Declines
Gold prices saw an increase today, Monday, supported by a decline in the dollar, as investors await the Federal Reserve’s monetary policy decision later this week.
Spot gold rose by 0.2% to $3,245.01 per ounce, while U.S. gold futures increased by 0.3% to $3,252.00 per ounce.
The U.S. dollar index fell by 0.1% against competing currencies, making gold more appealing for holders of other currencies.
In terms of other precious metals, silver in spot transactions rose by 0.1% to $32.02 per ounce, while platinum decreased by 0.5% to $954.88, and palladium dropped by 0.2% to $951.36.
