On Thursday, precious metals are showing positive dynamics against the backdrop of a fall in the dollar against major world currencies after statements by Fed Chairman Jerome Powell about a likely slowdown in the rate hike at the next meeting. Quotations of December gold contracts on the NYMEX exchange rose by almost 3% to $1,818 per troy ounce. Silver for December delivery jumped 4% in price to $22.94 per ounce. Palladium prices increased by 2.1% to $1,922 per ounce, platinum rose by 1.5% to $1,066 per ounce. At the same time, the dollar index (ICE) fell by 0.9% to 104.578 during today's trading. Jerome Powell's statements that the US central bank may slow down the rate hike in December put pressure on the US currency. Analysts note that «gold likes the combination of low rates and a weak dollar.»
