Gold and Silver Prices Rise While Oil Declines Globally

Gold and silver continued their gains on Monday amid a weaker dollar, as investors await an important U.S. labor market report later this week to assess the trajectory of interest rates.اضافة اعلان

According to Bloomberg, spot gold rose 1.4% to $5,029.09 per ounce, following a near 4% increase on Friday. U.S. gold futures for April delivery also rose 1.4% to $5,051.00 per ounce.

Spot silver increased 2.5%, after climbing 10% in the previous session.

Other metals also saw gains: spot platinum rose 1.8% to $2,134.18 per ounce, while palladium increased 1.8% to $1,737.75 per ounce.

Meanwhile, oil prices fell on Monday as concerns over supply eased.

Brent crude futures dropped 49 cents (0.72%) to $67.56 per barrel, after rising 50 cents on Friday. West Texas Intermediate (WTI) crude fell 42 cents (0.66%) to $63.13 per barrel, following a 26-cent gain on Friday.

— (Petra)