Gold records gains for the fourth consecutive week

Gold prices rose today as gold achieved gains for the fourth consecutive week as US Treasury yields declined as slowing inflation led to the possibility of slowing the pace of the Federal Reserve raising interest rates.

Spot gold rose 0.5% to $1,798.86 an ounce, and US gold futures rose 0.5% to $1,815.5 an ounce. As for other precious metals, spot silver rose 2% to $20.70 an ounce, and platinum rose 0.3% to $958.57 an ounce, while palladium declined 1.8% to $2,235.09 an ounce.