A state of cautious calm prevails in the markets in the middle of trading today, Wednesday, the eighth of December, amid the absence of economic data affecting market movements, as the yellow metal benefits from this calm and records some gains, trading at levels of $1,787 per ounce, up by about 0.19%, amid anticipation in the markets for US inflation data by the end of This week.

The yellow metal prices have benefited since the beginning of the Asian session from the declines in the US dollar and the declines in the yield on US Treasury bonds, which reduces the opportunity cost of gold and supports its rise.

In a related context, data of the World Gold Council in the monthly report for November showed an increase in flows of gold-backed ETFs by 13.6 tons, or about 838 million dollars, in November, an increase of about 0.4% from October, in the first positive month since last July.

On the other hand, silver is trading down by 0.18%, and it is trading at $22.43 per ounce.

Platinum, in turn, is trading at $958 levels, an increase of about 0.77%, while palladium is losing 0.22% and trading at 1.848 levels.