Gold prices rise globally by more than $8

Global gold prices rose during today’s trading, gaining more than $8 in spot transactions.

According to global market data, the prices of the yellow metal in spot transactions increased by 0.5%, or the equivalent of $8.02 to reach $1674.2 per ounce, by 10:41 am UAE time.

While gold futures contracts for December delivery fell by 0.31%, equivalent to $5.3, to reach $1680.7 an ounce.

In terms of other precious metals, silver fell by 1.13% to $19.29 an ounce, while platinum rose by 0.83% to $895.6, and palladium increased by 2.31% to $2179.02.