Gold Rises with Dollar Decline

Gold prices increased today, Tuesday, as the dollar weakened, with spot gold rising by 0.2%. U.S. gold futures also climbed by 0.1%. The dollar index fell by 0.1%, making the yellow metal, priced in U.S. dollars, more attractive to buyers using other currencies. Investors expect a 77% chance of interest rates rising in July and a decline starting in 2024. As for other precious metals, spot silver rose by 1% to $23 per ounce, platinum increased by about 1% to $933 per ounce, and palladium went up by 1% to $1,319.02 per ounce.