Gold prices rose today, as investors await the meeting of the Federal Reserve / US Central Bank / amid growing expectations that it will slow down the pace of tightening monetary policy in light of the banking sector turmoil. And gold in spot transactions rose 0.2 percent to 1982.29 dollars an ounce.. US gold futures contracts jumped 0.1 percent to 1984.30 dollars. With regard to other precious metals, spot silver rose 0.2 percent to $22.57 an ounce, platinum fell 0.2 percent to $986.53, and palladium rose 0.2 percent to $1417.54. And gold prices fell from their highest levels since March of last year during volatile trading yesterday / Monday / as it fell in spot transactions by 0.5 percent to 1977.18 dollars an ounce, after declining by more than one percent earlier in the session, with the recovery of markets. Stocks and Treasury yields due to global central banks’ efforts to boost confidence in the financial sector. It is noteworthy that gold prices rose by more than 100 dollars after the collapse of the US Bank / Silicon Valley / earlier this month.
