Gold has returned after all the losses it experienced after hitting a six-week low, but its recovery was restrained by the rise in the dollar and U.S. Treasury yields.
The price of gold rose by 0.03% to $1848.90 per ounce in spot transactions, after touching a low of $1816.53 on December 2. Gold settled at $1850.80 per ounce after an increase in U.S. futures contracts for gold. Regarding other precious metals, silver fell by 1.26% to $25.05 per ounce, after previously hitting its lowest level in about a month at $24.30. Platinum prices dropped by 2.8% to $1035.10 per ounce, while palladium rose by 0.17% to $2374.10 per ounce.
