November 18, 2022 10:32
Gold prices rose today, Friday, due to the decline in the US dollar, but it is still heading towards its first weekly loss in three weeks, affected by indications from Federal Reserve officials (US Central Bank) that more interest rate hikes are on the way.
By 0433 GMT, spot gold rose 0.16 percent to $1,763.65 an ounce, heading for a weekly loss of about 0.4 percent.
US gold futures rose 0.2 percent to $1,765.60 an ounce.
As for other precious metals, silver rose in spot transactions by 0.8 percent, to $ 21.12 an ounce.
Platinum rose 0.5 percent to $984.48 an ounce.
And palladium increased 0.7 percent to $ 2020.19 an ounce.
However, all precious metals are heading towards ending the week lower.
Source: agencies
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