Gold prices rose today, Wednesday, following the decline of the dollar and U.S. Treasury yields after Fitch Ratings' decision to downgrade the United States' credit rating, which unsettled confidence in the U.S. economy ahead of important data expected this week. The price of gold in spot transactions increased by 0.2% to $1,948.43 per ounce by 01:22 GMT, while U.S. gold futures rose by 0.3% to $1,985.60. Gold, priced in dollars, is considered a favored investment as a safe haven in times of economic anxiety and uncertainty. Regarding other precious metals, silver increased by 0.2% to $24.37, platinum remained stable at $931.01, and palladium rose by 0.5% to $1,246.49.
After the Dollar Decline: Gold Prices Rise
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