Gold Prices Rise to Their Highest Level
Follow-Up
Gold prices increased today, Tuesday, reaching their highest level in two weeks, supported by a decline in the dollar following President Donald Trump’s announcement of the dismissal of Lisa Cook, a member of the Federal Reserve Board.
The price of gold in spot trading rose by 0.5% to $3,384.34 per ounce, marking its highest level since August 11. Meanwhile, U.S. gold futures for December delivery climbed by 0.4% to $3,432.40.
Conversely, the dollar index fell by 0.3% against a basket of currencies, making gold less attractive to foreign buyers.
As for other precious metals, silver in spot trading rose by 0.4% to $38.72 per ounce, platinum increased by 0.7% to $1,352, and palladium gained 1% to reach $1,096.75.
