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Global gold prices rose with the decline of the dollar

Baghdad/Nina/ Gold prices rose today, with the decline of the dollar, while investors are closely watching a large number of upcoming US economic data that may affect the Federal Reserve meeting next week.

US gold futures rose 0.4 percent to $1,942.60 an ounce.

Gold prices recorded their highest levels amid demand for the precious metal due to concerns about a global recession and hopes to slow the pace of raising interest rates in the United States.

The dollar fell 0.3 percent on Thursday, making gold more attractive to holders of other currencies.

Silver in spot transactions increased 0.6 percent to 23.81 dollars an ounce, while platinum fell 1.5 percent to 1041.63 dollars, and palladium fell 2.7 percent to 1696.50 US dollars./ End 7

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