Gold prices increased today, supported by a decline in the U.S. dollar. Investors are closely watching the upcoming Federal Reserve monetary policy meeting scheduled for next week, seeking indications regarding the future direction of interest rates.
In spot trading, gold rose by 0.1 percent to reach 4,145.22 dollars per ounce. Meanwhile, U.S. gold futures also climbed by 0.1 percent, reaching 4,164.70 dollars per ounce.
In the broader precious metals market, silver prices in spot trading increased by 0.7 percent to 57.48 dollars per ounce. Platinum also saw a rise of 0.7 percent, reaching 1,651.25 dollars per ounce.
Conversely, palladium experienced a slight decline of 0.2 percent, settling at 1,117.87 dollars per ounce. Market participants continue to monitor developments in U.S. monetary policy and fluctuations in the dollar.
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