Gold and silver rise today 🔼
Gold rises strongly after the release of preliminary employment data (ADP), which revealed a decline in the addition of jobs in the American labor market, indicating to the Federal Reserve the impact of monetary tightening.
The price of spot gold contracts rose to $2,354.9 per ounce, an increase of 1.07%, while futures contracts rose to $2,363.85 per ounce, an increase of 1.3%.
Silver prices rose to $30.823 per ounce, an increase of 3.96%.
Global gold prices rose during these moments of trading, today, Wednesday, as investors awaited the minutes of the US Federal Reserve’s latest policy meeting to obtain indications of when the central bank will begin reducing interest rates.
