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Gold rises set to record the best monthly performance since July 2020

Gold prices rose today, soaring to record the best monthly performance since July 2020, as the banking system crisis led to the expectation that the Federal Reserve (the US Central Bank) will temporarily stop raising interest rates, which makes the yellow metal more attractive.

Gold prices rose in spot transactions 0.1% to 1981.59 dollars an ounce, and US gold futures rose 0.1% to 1982.00 dollars.

As for other precious metals, silver settled in spot transactions at $23.87 an ounce, platinum settled at $986.12, while palladium fell 0.5% to $1457.39.

Source: Bahrain News Agency