Gold prices rose today, Monday, amid stalled negotiations on raising the U.S. debt ceiling and concerns over economic slowdown. Spot gold increased by 0.1% to $2013.79 per ounce. Meanwhile, U.S. gold futures fell by 0.1% to $2018.20 per ounce. Gold prices tend to rise during periods of economic and financial uncertainty, but rising interest rates undermine interest in the non-yielding metal.
In terms of other metals, silver increased by 0.4% in spot transactions to $24.01 per ounce, and platinum rose by 0.3% to $1052.44 per ounce.
