Gold Prices Hold Steady as Silver Declines

The price of gold remained relatively stable near its highest level in a week today.

In spot transactions, the price settled at $4688.16 per ounce. This comes after a rise of about three percent on Wednesday, reaching the highest level since April 27.

U.S. gold futures for June delivery increased by 0.1 percent, reaching $4696.60 per ounce.

As for other precious metals, silver fell in spot market transactions by 0.2 percent to $77.16 per ounce. Meanwhile, platinum rose 0.1 percent to $2062.50, and palladium decreased by 0.3 percent to $1533.25 per ounce.