It was the worst annual performance of the dollar

According to the online economy report, quoted by Isna, the price of gold per ounce increased by 0.2% to 2068 dollars and 95 cents. This figure has increased by 14% so far in the year and has reached its biggest annual growth since 2020. US gold fell 0.2 percent to $2,078 and 70 cents an ounce.

According to the CME FedWatch tool, bets on a US Federal Reserve interest rate cut have strengthened following cooler inflation data, with traders now pricing in an 88 percent chance of a monetary policy cut in March. Lower interest rates reduce the opportunity cost of holding unyielding bullion.

The dollar index fell 0.1 percent on Friday, posting its worst annual performance in three years, increasing gold’s appeal to other currency holders.

Data showed that China’s net gold imports via Hong Kong rose by about 37 percent in November from the previous month.

In other precious metals, silver rose 0.2 percent to $23.83 an ounce, but looked largely flat for the rest of the year, according to Reuters. Platinum was flat at $1,002.50 an ounce, a six-month high, while palladium rose 0.1 percent to $1,133.73.