London - Saba:
Gold prices rose to the highest level in a week on Tuesday, as the US dollar weakened, while the market awaits comments from Federal Reserve officials to get signals about the path of US interest rates.
According to Reuters news agency, gold rose in spot transactions 0.4 percent to $ 2623.54 an ounce, the highest level since November 12, and prices rose two percent yesterday.
U.S. gold futures rose 0.5 percent to $2,627.60 an ounce, and the U.S. dollar weakened as profit-taking began after last week's stunning rally.
A weaker dollar makes gold cheaper for buyers holding other currencies.
In other precious metals, silver in spot transactions rose 0.5 percent to a one-week high of $31.23 an ounce, platinum added 0.3 percent to $969.80, and palladium stabilized at $1005.20 after rising more than five percent yesterday.
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