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Precious metals: gold on the way to a fourth weekly rise

12/09/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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This Friday, gold prices rose, heading towards a fourth consecutive weekly increase. The growing concerns concerning the weakening of the labor market in the United States were taking the Not on concerns about inflation, with the approach of a very sharp decline Expected interest rates from the Federal Reserve next week.

Spot gold gained 0.5% at $3,651.92 per ounce at 06:09 GMT, moving close to a record high record of $3,673.95 reached on Tuesday. The precious metal displays a increase of 1.8% since the start of the week.

American gold futures for deliveries in December increased by 0.5% to $3,690.30.

The yellow metal, which does not generate returns, is often considered as a safe haven in the face of inflation and economic uncertainties, and tends to perform well in an environment of low interest rates.

The yellow metal grew by around 39% Since the beginning of the year, buoyed by a weak dollar, sustained purchases of central banks, accommodative monetary policy and uncertainty increased worldwide.

Elsewhere, money at Cash rose 1.2% to $42.07 per ounce, platinum gained 1.1% to $1,393.71 and palladium advanced 1% to $1,200.31. All three metals were also on the rise weekly.

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