Gold prices rose to near record high levels today, after the US Federal Reserve raised interest rates by 25 basis points and hinted that it may hold off on further rate hikes.
Gold in spot transactions rose 0.8% to $2055.54 an ounce, and US gold futures rose 1.3% to $2063.20 an ounce.
Earlier in the session, gold prices rose to $2,072.19 an ounce, close to their all-time high of $2,072.49, reached in 2020.
As for other precious metals, silver increased in spot transactions by 0.5% to $25.72 an ounce, platinum rose 0.7% to $1056.29 an ounce, and palladium rose 0.8% to $1433.75 an ounce.
