Gold reached a yearly high, the price continues to rise.

Gold continues to rise, hitting a high since March 2022, as weaker US economic data raised hopes that the Federal Reserve will raise interest rates more slowly. Spot gold remained stable at $2020.30/oz after peaking at $2031.89, while US gold futures ended Wednesday trading down 0.1% to $2035.60/oz. Gold is expected to continue rising as fears about the economy mount, as well as due to the depreciation of the dollar and US Treasury yields. Silver, platinum and palladium performed differently, with silver, platinum and palladium depreciating 0.4%, 2% and 2.2% respectively.