London - Saba:
Gold prices rose for the third consecutive session to their highest level in a week today, Wednesday, driven by the weakness of the dollar and the escalation of tensions between Russia and Ukraine, which boosted demand for safe-haven assets.
According to the "CNBC Arabia" website, spot gold rose 0.19 percent to $2,636.62 per ounce, the highest level since November 11.. Gold futures in the United States rose 0.88 percent to $2,639.80 per ounce.
The rise of the US dollar stopped after it recorded its highest level in a year last week, making gold more attractive to buyers holding other currencies.
Among other precious metals, spot silver was steady at $31.22 an ounce, platinum rose 0.1 percent to $975.10 and palladium was steady at $1,035.43.
Gold prices rose for the third consecutive session to their highest level in a week today, Wednesday, driven by the weakness of the dollar and the escalation of tensions between Russia and Ukraine, which boosted demand for safe-haven assets.
According to the "CNBC Arabia" website, spot gold rose 0.19 percent to $2,636.62 per ounce, the highest level since November 11.. Gold futures in the United States rose 0.88 percent to $2,639.80 per ounce.
The rise of the US dollar stopped after it recorded its highest level in a year last week, making gold more attractive to buyers holding other currencies.
Among other precious metals, spot silver was steady at $31.22 an ounce, platinum rose 0.1 percent to $975.10 and palladium was steady at $1,035.43.