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Gold Hits One-Week High on Weaker DollarSingapore, 21 May (ONA) — Gold prices today rose to their highest levels in a week as the dollar weakened and investors sought safety amid US fiscal uncertainty, with Congress debating a sweeping tax bill.
Spot gold was up 0.2% at $3,293.98 an ounce, after hitting its highest level since May 12 earlier in the session.
US gold futures gained 0.3% to $3,295.80.
The dollar retreated to its lowest level since 8 May 2025, making greenback-priced gold cheaper for overseas currency holders.
Spot silver fell 0.2% to $32.99 an ounce, platinum was down 0.3% at $1,050.25, and palladium gained 0.5% to $1,017.93, its highest level since Feb. 4, 2025.— Ends/Khalid
