Gold's Price Rises As The Chinese Central Bank Resumes Bullion Purchases

12/12/2024 2:05:39 PM

(MENAFN- Investor Brand Network) The price of gold rose by nearly 1% after the People's bank of China
added gold to its reserves
for the first time in more than 6 months. In the same period, the Bloomberg Dollar Spot index remained steady while spot gold saw its price hit $2656.72 per ounce, representing a 0.9% increase.

Silver, palladium, and platinum also recorded strong gains in...

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