Gold achieves weekly gains as the US dollar declines

Gold prices rose today by about 1% as the US dollar fell after the United Auto Workers union organized simultaneous strikes at three factories owned by the "Detroit Three" company, including Stellantis, which owns Chrysler, in the largest ambitious American industrial labor movement in decades.

The spot price of gold rose 0.7% to $1,924.27 per ounce and achieved weekly gains of 0.3%, and US gold futures rose 0.7% to $1,946.2 per ounce.

As for other precious metals, silver rose by 1.9% to $23.07 per ounce, platinum rose by 2.2% to $926.55, and palladium recorded $1,247.35.

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