Gold rises to the highest level in two weeks




Gold prices rose to the highest level in two weeks on Tuesday, with the dollar's decline to the lowest level in several months, under faded hike expectations for another interest rates by the Federal Reserve (US central bank) this year.

The dollar fell to the lowest level in ten months against a basket of major currencies Tuesday as a result of uncertainty about the pace of monetary tightening and setbacks encountered in the adoption of the bill for health care in the United States.

Gold rose 0.3 percent in the immediate transaction to $ 1237.66 an ounce (an ounce) by 06:31 GMT, after it touched US $ 1238.76, the highest level since the third of July, earlier in the session.

In futures contracts US gold record for August delivery rose 0.3 percent to $ 1236.80 an ounce.

Spot price of silver rose 0.4 percent to $ 16.14 an ounce after it touched earlier in the highest level in just over two weeks at $ 16.23.

The platinum rose 0.3 percent to $ 923.80 an ounce and had recorded the highest level in more than a month at $ 934.40 in the previous session.

Little palladium at $ 864.98 an ounce was little changed.


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