Washington, Jan. 6 (SANA) Gold prices rose to a one-week high on Tuesday, supported by growing expectations of U.S. monetary easing and heightened geopolitical uncertainty in Venezuela, which pushed investors toward safe-haven assets, according to CNBC.
Spot gold gained 0.4 percent to $4,467.31 an ounce, extending a nearly 3 percent rally from the previous session. The metal remains near record levels after hitting an all-time high of $4,549.71 late last month, marking a 64 percent surge in 2024 — its strongest annual gain since 1979. U.S. gold futures for February delivery rose 0.6 percent to $4,479.50.
Other precious metals also advanced, with silver rising 2.9 percent to $78.72 an ounce, platinum up 2.5 percent, and palladium gaining 0.8 percent.
Oil prices edged lower as markets weighed the prospect of increased Venezuelan crude output amid political developments in the country, raising expectations of ample global supply amid subdued demand. Brent crude fell 0.2 percent to $61.63 a barrel, while U.S. West Texas Intermediate slipped 0.3 percent to $58.14.
