New york: Gold rose to a two-week high on Tuesday, as the dollar slipped after U.S. President Donald Trump announced the removal of Federal Reserve Governor Lisa Cook. Spot gold increased by 0.2% to $3,373.38 per ounce as of 0523 GMT, marking its highest level since August 11 earlier in the session.
According to Bahrain News Agency, U.S. gold futures for December delivery saw a rise of 0.1%, reaching $3,421.10. Alongside gold, other precious metals also experienced gains. Spot silver rose by 0.6% to $38.79 per ounce, platinum increased by 0.1% to $1,343.45, and palladium climbed by 0.9% to $1,095.80.