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Rise in Gold Prices Amid Increasing Bets on Interest Rate Cuts

January 6, 2026AL24 | الاقتصادal24news.dzTranslated from Arabic
AL24 | الاقتصاد

Gold prices rose today, Tuesday, reaching their highest level in a week after statements from officials at the Federal Reserve (the U.S. central bank) bolstered bets on interest rate cuts, amid rising geopolitical tensions and increased demand for safe-haven assets. The price of gold in spot transactions increased by 0.4 percent to $4465.32 per ounce, while U.S. gold futures rose by 0.3 percent to $4465.70. For other precious metals, the price of silver in spot transactions rose by 2.9 percent to $78.72 per ounce, and the price of platinum in spot transactions increased by 2.5 percent to $2327.

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