Thursday , June 1 2023

Gold rises by about one percent to $ 1515.15 an ounce – S A N A


London (SANA)

Gold prices rose above the psychological level of $ 1,500, while investors buy precious metal amid stock market downturns amid fears of a slowdown in global economic growth.

Spot price jumped over 1% to $ 1,516.78 an ounce, reaching a new high of more than six years before paring to 0.96% at $ 1511.15 at the end of the US trading session yesterday.

US gold futures rose 0.6 percent to hit $ 1,517.20 an ounce.

Among other precious metals, silver rose 0.7% to $ 17.05 an ounce, while platinum dropped 0.8% to $ 852.50 an ounce.

Palladium rose 0.4% to $ 1,427.50 an ounce.

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