Gold Rises 0.3% Supported by Oil Price Decline and Anticipation of US Interest Rate Decision
Qiyas summary
Gold and precious metal prices rose, supported by falling oil prices and anticipation of the US interest rate decision.
Translated by Qiyas from السياسة — Original source
Gold prices rose on Monday, supported by declining oil prices, as investors awaited new indicators on the direction of U.S. monetary policy and the prospects of interest rate hikes later this year.
Spot gold rose 0.3 percent to $4,175.60 per ounce, while U.S. December gold futures climbed 0.4 percent to $4,196.40.
Among other precious metals, spot silver rose 0.9 percent to $57.54 per ounce, platinum gained 0.7 percent to $1,642.29, and palladium increased 1.5 percent to $1,129.13.
