Gold prices rise with dollar decline

Yemen (Jan 26)  Gold prices rose on Friday as the dollar weakened and concerns about global economic growth mounted as the US government continued to close.

 The spot price of gold rose 0.2 percent to $ 1282.49 an ounce by 0539 GMT.

 US futures were up 0.2 percent at $ 1281.80 an ounce.

 Investors are concerned about the economic impact of the longest government shutdown in US history, now in its 34th day, as the dollar index, which measures the performance of the greenback against a basket of currencies, fell 0.2 percent.

 Among other precious metals, silver was stuck at $ 15.32 an ounce, and palladium settled at $ 1320.50 an ounce, while platinum rose 0.1 percent to $ 802 an ounce.

YemenNews