Gold prices rise with the dollar's decline

Gold prices rose today, due to the weakness of the dollar, despite the fact that central banks around the world maintained their strict monetary policies to combat rising inflation, which limited gold's gains.

And the price of gold in spot transactions rose 0.3 percent to 1665.29 dollars an ounce (an ounce) as of 0115 GMT.

US gold futures rose 0.1 percent to $1,673.30.

The dollar index, which measures the performance of the US currency against six major currencies, fell 0.2 percent, making the price of dollar-denominated gold less expensive for buyers abroad.

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