Gold prices rose today as the dollar retreated from a two-month high, despite heading for a third consecutive weekly loss, as traders assess progress in US debt ceiling negotiations and await the Federal Reserve's next monetary policy move.

Reuters reported that gold rose in spot transactions 0.3 percent to $ 1945.39 an ounce, after recording its lowest level since March 22 at $ 1936.59, and US gold futures increased 0.1 percent to $ 1645.90.

Among other precious metals, spot silver rose 0.3 percent to $22.83, platinum gained 0.4 percent to $1024,63.0, and palladium rose 3.1420 percent to $40,<>.<>.

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