Gold prices rose today, Thursday, to the highest level in nine weeks, due to the decline in the dollar and speculation that the Federal Reserve (the US central bank) may soon stop the cycle of raising interest rates.
Spot gold rose 0.5 percent to $1,987.18 an ounce, the highest level since mid-May.
US gold futures rose 0.4 percent to $1,988.80.
The dollar index fell 0.2%, near its lowest level in more than a year, making gold cheaper for holders of other currencies.
As for other precious metals, spot silver increased 0.3 percent to $25.23 an ounce, platinum rose 0.1 percent to $973.81, while palladium fell 0.2 percent to $1,305.54.
