Gold prices rose, approaching their highest level in 7 months
Gold prices rose today, approaching their highest level in seven months, supported by the decline in the dollar and hopes that the Federal Reserve (the US central bank) will slow down the pace of raising interest rates.
The price of gold rose 0.2 percent to 1868.89 dollars an ounce by 0016 GMT.
US gold futures rose 0.2 percent to $1,873.80.
The dollar index fell 0.2 percent, making gold cheaper for buyers abroad.
As for other precious metals, silver rose in spot transactions 0.6 percent to 23.95 dollars, while platinum rose 0.5 percent to 1094.97 dollars, and palladium fell 0.1 percent to 1804.30 dollars.
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