Gold prices increased by more than 1% today, supported by a decline in oil prices that eased inflation concerns. Investors are closely monitoring the upcoming U.S. inflation data and seeking new signals from the Federal Reserve regarding monetary policy direction.
Spot gold prices rose by 1.6%, reaching $4,129.69 per ounce. Meanwhile, U.S. gold futures for December delivery also climbed by 1.6%, recording $4,139 per ounce.
Other precious metals experienced notable gains as well. Silver in spot transactions increased by 2.8%, reaching $53.31 per ounce. Platinum prices rose by 1.6%, hitting $1,556.14 per ounce.
Palladium saw a rise of 2.1%, reaching $1,044.28 per ounce. Market participants continue to monitor global economic developments and the trajectory of U.S. interest rates in the coming period.
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