New York: Gold prices rose by more than 2% Wednesday following weaker-than-expected jobs data and remarks by Chairman of the US Federal Reserve Kevin Warsh in which he indicated a decline in inflation risks.
Gold in spot transactions rose by 2.1%, reaching USD 4,089.49 per ounce, after having recorded its lowest level since last November in the previous session, and posting a quarterly loss on Tuesday.
US gold futures for August delivery rose by 1.6%, reaching USD 4,103.10 per ounce.
As for other precious metals, silver in spot transactions rose by 2.8% to USD 60.24 per ounce, platinum increased by 1.6% to USD 1,223.68, while palladium rose by 3.1% to USD 1,599.36, after having earlier in the session touched its lowest level since November.
