Gold prices on Tuesday rose to the highest level in five weeks, reaching $1,819.35 per ounce. The current quote of the precious metal is $1817.75. The last time such values were recorded was in mid-November. Prices were supported by the weakening of the dollar, since strong statistical data from the United States and high inflation did not lead to a jump in the exchange rate of the US currency and the yield of government bonds. The US economy in the third quarter grew by 2.3% in terms of annual rates, the estimate of the indicator was increased from the previous 2.1%. And the PCE Core index, a key inflation indicator for the Federal Reserve, jumped 4.7% in November compared to the same month last year, the fastest pace in more than 30 years. This week, gold may well continue to rise, but the growth will be short-lived. Analysts note that gold's attempts to demonstrate a significant recovery are still inconclusive, and traders cut long positions at the first signs of trouble. As for the other metals, the picture is as follows: silver rose 0.2% to $23.08 per ounce, platinum rose 0.3% to $973, and palladium fell 0.7% to $1957.68, retreating from the more than monthly peak reached in the previous session.
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