Dollar Decline Raises Gold and Silver Prices
Gold and silver continued their upward trend on Monday, supported by the decline of the dollar.
Gold prices in the spot market increased by 1.4% to $5,029.09 per ounce, following a near four percent rise last Friday. Meanwhile, US gold futures for April delivery also rose by 1.4% to $5,051.00 per ounce.
Silver prices in the spot market increased by 2.5%, building on a remarkable 10% gain in the previous session.
For other metals, platinum prices in the spot market climbed by 1.8% to $2,134.18 per ounce, while palladium rose by 1.8% to $1,737.75.
Investors are awaiting a significant report on the US labor market set to be released later this week to assess the trajectory of interest rates.
