Gold prices rose today as the U.S. dollar and Treasury yields fell, while investors looked to the minutes of the Federal Reserve's recent meeting for further clues on interest rate expectations.
Reuters reported that gold rose in spot transactions 0.6 percent to $1988,29.<> an ounce.
U.S. gold futures rose 0.5 percent to $1990,10.<>.
The dollar fell near its lowest levels in more than two and a half months as investors expected U.S. interest rates to fall next year, and a weaker dollar would make gold less expensive for holders of other currencies.
In terms of other precious metals, spot silver rose one percent to $23.64 an ounce, platinum settled at $918.59, while palladium fell 0.2 percent to $1076,26.<>.
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