Gold prices rose today, supported by the decline in the dollar, as investors awaited the release of the minutes of the Federal Reserve meeting.
Gold rose in spot transactions 0.1 percent to $2,061.78 per ounce.
Gold prices increased by 13 percent in 2023, recording their first annual gain since 2020, and lower interest rates decrease the opportunity cost of holding non-yielding bullion.
As for other precious metals, silver fell in spot transactions 0.4 percent to $23.55 per ounce, platinum rose 0.1 percent to $982.52 per ounce, and palladium rose 1.3 percent to $1,095.21. (QNA)
