11/10/2022, 3:47 PM (Source: TeleTrader)
more TeleTrader news

Precious metals prices go up, gold rises by 2%

The prices of precious metals advanced significantly on Thursday, with those of gold and silver increasing by more than 2% and 3%, respectively.

The move followed the report on the annual inflation in the United States, which showed a figure lower than the previous month and better than analysts predicted. The result caused a rise in market indexes in the US and Europe, as well as in the prices of oil.

Gold advanced by 2.31% at 9:46 am ET to sell for $1,744.06 per ounce. Silver went up by 3.38% to go for $21.73 per ounce. Platinum surged by 4.49%, selling for $1,032.40 per ounce. A minute later, palladium grew by 1.76%, going for $1,900.52 per ounce.

Baha Breaking News (BBN) / JR