Feb 9 • 02:50 UTC 🇶🇦 Qatar Al Jazeera

Gold Continues to Rise and Silver Jumps Amid Dollar Decline

Gold and silver prices have increased as the dollar weakens, with investors awaiting a significant U.S. labor market report.

Gold and silver continue their upward trend as the dollar experiences a decline. On Monday, gold saw a rise in spot prices by 1.5% to $5,035.3 per ounce, following a nearly 4% increase on Friday. Similarly, U.S. futures contracts for gold for delivery in April rose by 1.6% to $5,060.7 per ounce. Silver prices also surged, jumping 5% to around $82 after a 10% increase in the previous session. The drop in the dollar to its lowest level since February 4 has made dollar-denominated metals more affordable for foreign buyers.

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