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Gold rises, dollar drops in world

March 31, 2022
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Agencies-Gaza post

Gold prices increased about 1% on Wednesday, it was assisted by a weak dollar and fresh doubt about the possibility of a cease-fire between Russia and Ukraine.

By 19:26 GMT, spot gold had risen 0.7 percent to $1,932.14 per ounce.

Gold futures in the United States climbed 1.1 percent to $1,939 per ounce.

The US dollar index fell 0.6 percent to its lowest level in two weeks, making gold purchased in the green currency more affordable for holders of other currencies.

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Yellow metal prices fell as much as 1.8 percent on Tuesday, reaching their lowest level since February 28 due to signs of progress in discussions between Russia and Ukraine, before recovering to close down only 0.2 percent.

Among other precious metals, spot silver increased 0.1 percent to $24.78 per ounce, while platinum increased 0.6 percent to $988.27.

Palladium increased 4.6 percent to $2,246.69, after dropping to its lowest level in more than two months on Tuesday at $2,032.97.

Tags: dolargoldRussiaUkraineworld
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