Washington - Agencies:
Gold prices hovered near the lowest level in three weeks, today, Thursday, as demand for safe havens faded, while investors awaited the statements of the Chairman of the US Federal Reserve, seeking more evidence on interest rates.
Gold in spot transactions fell 0.1 percent to $1,948.39 per ounce after recording its lowest levels since October 19, yesterday, Wednesday.
US gold futures fell 0.2 percent to $1,953.50.
Gold prices exceeded the key level of $2,000 per ounce last week after escalating tension in the Middle East led to increased demand.
As for other precious metals, silver fell in spot transactions 0.5 percent to $22.41 per ounce, while platinum increased 0.4 percent to $869.70.
Palladium fell 0.9 percent to $1,040.77, hovering near its lowest levels since 2018.
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