"The prices of gold rose on Wednesday to exceed the important psychological level at 1900 dollars (ounce), supported by the decline of the dollar and growing concerns about inflation after US Federal Council officials remain On a miserable position on interest rates.


According to Arab Net it by 0528 GMT, gold in immediate transactions increased 0.3% to $ 1905.36 an ounce, its highest level since January 8.


Steven Inise is an administrative partner at SP.A Ast Mangant: The dollar's decline is supported.


"Even if inflation has increased, they (in the Fed) will be very obliged to facilitate .. What really matter for gold is real final interest rates. The federal will continue to maintain final interest rates at a low level, which will weaken the dollar and gold will perform well, according to Reuters.


The Dollar Index is near the lowest level in four and a half months, for other major currencies, making gold less expensive for other currencies.


For other precious metals, the Palladium climb 1% to $ 2796.62 an ounce, silver provided 0.6% to $ 28.14. Platinum jumped 1.2% to $ 1205.38.