The yellow metal is trading at an increase of about 0.52% or $11 in the middle of the European session and before the opening of the American markets, trading at levels of $1792 per ounce, heading to record gains for the second week in a row by more than 1.5% if it maintains these levels until the close of the American session.

The yellow metal is benefiting from the general index of the US dollar declining by about 0.14% during the closing session of the week today, Friday, by trading at 93.57 levels, heading to record a loss for the second week in a row by more than 0.30%.

The markets are awaiting in the American session today, Monday, the manufacturing and services PMI in the preliminary estimated reading for the month of October, in addition to the statements of the member of the Open Market Committee FOMC Daly and the President of the US Federal Reserve, Jerome Powell, who is scheduled to participate in a virtual panel discussion entitled Monetary and financial stability challenges for central banks.

The head of the Federal Reserve in Atlanta Postec, in his statements to CNBC yesterday, Thursday, made it clear that he expects the first raising of the US interest rate to take place between the end of the third quarter and the beginning of the last quarter of next year with the continued growth of the US economy and rising inflationary pressures.

Silver, in turn, is trading at an increase of about 0.73% at levels of $24.31 an ounce, heading to record weekly gains of more than 3%.

Platinum is trading at 1.058 dollars, an increase of about 0.94%, while palladium is rising by 1.17% and trading at 2.040 dollars.