London-SANA

Gold prices rose today but headed for their biggest weekly decline in three and a half months, as hopes that negotiations to resolve the US government debt ceiling crisis and fading expectations of a rate cut by the end of the year led to gold's decline.

Reuters reported that gold rose in spot transactions 0.3 percent to $ 1963.39 an ounce, but headed for a weekly decline of 2.4 percent, the largest since early February.

Gold futures rose 0.2 percent to $1964,60.<>.

For other precious metals, spot silver rose 0.6 percent to $23.64 an ounce.

Platinum rose 0.3 percent to $1052,43.<>.

Palladium rose 1.5 percent to $1474,63.<>.

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