Gold continues to rise, palladium jumps to its highest level in more than month

Gold continued to rise slightly on Thursday amid safe-haven demand despite a stronger dollar, while palladium jumped to its highest level in more than a month.

Gold in spot transactions added 0.3 per cent to $ 2725.51 an ounce.

Prices hit a record high on Wednesday at $ 2758.37 after demand for the yellow metal increased amid concern about the US elections and the conflict in the Middle East … US gold futures rose 0.3 percent to 2738.50.

The dollar approached its highest level in three months.

As for other precious metals, silver in spot transactions recorded $ 33.84 an ounce, palladium jumped 4 percent to $ 1100.50 an ounce, its highest level since September 18, and platinum rose 1 percent to $ 1025.85 an ounce.

Source: Yemen News Agency