Gold prices rise due to the decline in the dollar

Gold prices rose, thanks to the dollar's approach to its lowest level in six months, which is recorded on the

eve of the new year, amid expectations that the escalating performance of the American economy may be nearing its end.

And gold rose in immediate transactions 0.2% after approaching its highest level since September 25.

The yellow metal closed 2019 with the largest annual gain in a decade.

The dollar index, which indicates the performance of the greenback versus a basket of currencies, fell by 1.9% last month after reaching its lowest level since July.

The dollar's fall reduces the cost of gold to other currency holders.

The spot price of silver also rose by 0.2%, palladium increased by 0.4% per ounce, and platinum rose 0.4%.