Spot gold rose to $2,470.20 an ounce in early global trading today

  • Global gold prices rose at the start of trading this week, Monday, as markets await important US economic data, in addition to a selling wave witnessed by stock markets around the world due to fears of a recession in the United States, which strengthened the value of the yellow metal as a safe haven.

 

  • Spot gold rose 0.04% to $2,470.20 an ounce, after falling more than 1% in early trading, while US gold futures for December delivery rose 1.05% to $2,495.8 an ounce.

 

  • The yellow metal rose more than 1% last week, after weak labor market data boosted bets on a U.S. interest rate cut this year.

 

  • Markets are focused this week on US producer price index data on Tuesday, followed by consumer price index data due on Wednesday.

 

  • Among other precious metals, spot silver rose 0.3% to $28.23 an ounce, while palladium fell 1.7% to $961.50, and platinum rose above the key $1,000 an ounce level, its highest level in almost a year, as it increased 0.6% to $1,000.55 an ounce.

Share the topic with your friends on

Facebook
Twitter
WhatsApp
Telegram
LinkedIn
Email

Leave A Reply

Start trading!

If you want to start trading, contact us on WhatsApp now

You may also like

  The Solidarity Microfinance Foundation, which specializes in microfinance for women, announced the signing of an agreement with the Arab Bank...
  • June 29, 2025
Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, said that there are more than 150 Chinese companies operating in...
  • June 26, 2025