Follow up / Tomorrow Press:Gold prices rose, on Thursday, after the US House of Representatives voted to approve the removal of US President Donald Trump, which raised concerns about political haze in the world’s largest economy.

By 07.18 GMT, gold in the spot transactions rose 0.1% to $ 1476.69 an ounce. US gold futures rose 0.1% to $ 1,480.70 an ounce.

The cautious climate supports the yellow metal, which is usually considered an investment alternative during times of political and financial uncertainty.

Although the reaction to the isolation was lukewarm, Asian stocks fell from the highest level in a year and a half, while the US dollar fell slightly against a basket of currencies, which reduces the cost of gold to holders of other currencies.

The gold achievement was further hampered by the fact that the Chinese Ministry of Finance published a new list of six products from the United States that would be exempt from customs duties as of December 26.

For other precious metals, palladium rose 0.4% to $ 1930.18 an ounce. The price of the metal used in stimulating the automobile industry reached an all-time high of 1998.43 dollars on Tuesday.

Palladium prices are nearing the $ 2,000 an ounce level for the first time, as a growing supply deficit is fueling an exceptional rally.Silver fell 0.1% to $ 16.99 an ounce, while platinum fell 0.4% to $ 931.68 an ounce.

News Source: https://www.alghadpress.com/