Gold Prices Rise as Dollar Falls against Sterling

Gold prices rose today as the dollar depreciated against the pound after the European Commission approved amendments to the UK exit agreement from the European Union.
The spot price of gold was up 0.2 percent at $ 1296.84 an ounce, while US gold futures rose 0.5 percent to $ 1297.20 an ounce.
The dollar fell 0.1 percent against other major currencies, with gold becoming a tempting investment for other currency traders, while sterling rallied strongly after the exit agreement.
Palladium fell 1.0 percent in spot transactions to $ 1,534.79 an ounce.
Silver rose 0.5 percent to $ 15.39 an ounce, while platinum settled at $ 824.54 an ounce after touching its lowest level since February 19 at $ 803,505 in the previous session.

Source: News Agencies