Gold Surges to Highest Level Since November

Gold prices rose during trading on Friday, keeping the metal on track for its fourth consecutive monthly gain, supported by a weaker dollar and investor optimism over a potential Federal Reserve interest rate cut in December.اضافة اعلان

Spot gold increased by 0.8% to $4,189.61 per ounce, marking its highest level since November, while heading for a weekly gain of 3% and a monthly rise of 3.9%.

U.S. December gold futures climbed 0.5% to $4,221.30 per ounce, according to CNN.

Other precious metals also saw gains: spot silver rose 1.4% to $54.18 per ounce, and platinum gained 1.7% to $1,634.82 per ounce, both recording weekly gains of 7.4%.

Meanwhile, palladium fell 0.6% to $1,428.62 per ounce but remains on track for a weekly gain of 4%.