Gold Up on Weaker U.S. Dollar

Today saw the prices for spot precious metals prices gain 0.4 percent on average. Gold prices are up 0.2 percent to $1,233.50 per ounce, and all other precious metals rose 0.5 percent today.

Yesterday was slightly skewed with palladium sinking 1.1 percent while silver and platinum both gained about 1.1 percent. Gold also gained yesterday to 0.2 percent. Today, base metals are also posting gains, up 0.6 percent on average. Lead and zinc prices slipped 1.1 percent, nickel lost 0.9 percent, and three-month copper also fell 0.4 percent today to $5,582 per ton.

In international markets, pricing on spot Brent crude oil prices rose 0.3 percent to $51.92 per barrel in anticipation of the likely upcoming Organization of the Petroleum Countries (OPEC) extended deal. The dollar index is weaker again today, down to 98.75. The euro is stronger at 1.0994.