Gold rises as fears return to Evergrande



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Gold made up some of its losses today, Friday, after declining 1% in the previous session, supported by the weakness of the dollar and the revival of concerns over the fate of Chinese company Evergrande , which strengthened the position of yellow. metal as a safe haven.

And gold rose 0.7% in spot trades to $ 175,473 an ounce (one ounce) at 9:24 a.m. GMT, while US gold futures rose 0.3% to 1,755. , $ 10.

The dollar index remained near a one-week low in the previous session, making gold cheaper for holders of other currencies.

This is the reverse of what happened on Thursday, when gold fell to its lowest level in more than a month, when the increase in bets on rising US interest rates largely caught on. eclipsed the decline in the dollar, which is unusual.

As for other precious metals, silver rose 0.8% to $ 22.66 an ounce, up 1.2% so far this week.

Palladium rose 1% to 2003.27 dollars, but is on course for its third consecutive weekly loss.

Platinum fell 0.6% to $ 983.29 an ounce, but is on course to end two straight weeks of decline.

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