Gold prices increased today following a nearly 3 percent drop in the previous session. However, gains remained limited amid rising expectations that the U.S. Federal Reserve will raise interest rates next month.
In spot trading, gold rose by 0.3 percent, reaching $4,043.62 per ounce after falling to $4,017.21 per ounce in the last session. Additionally, U.S. gold futures for December delivery climbed by 0.5 percent, recording $4,051.10 per ounce.
In other precious metals markets, silver saw a 1.7 percent increase in spot trading, reaching $52.38 per ounce. Meanwhile, palladium rose by 1.3 percent, hitting $1,038.38 per ounce.
The improvement in gold prices comes as investors closely monitor developments in U.S. monetary policy and its impact on global markets and precious metals.
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