Gold continues rise, platinum spot price above $1,000

28/12/2023 Argaam

Gold continued its rise today, Dec. 28, amid strong demand for US Treasurys as the Federal Reserve is expected to ease its monetary policy.

 

Gold futures for February delivery rose 0.14% to $2,096 per ounce at 10:30 am Makkah time.

 

Spot prices increased 0.40% to $2,085, and silver futures for March delivery also rose 0.10% to $24.67.

 

Platinum spot prices moved up 0.22% to $1,002.

 

The 10-year US Treasury yield rose by 2.2 basis points to 3.81%, after falling to its lowest level since July on Wednesday.

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