Gold Rises as Oil Declines and Inflation Fears Recede
Press coverage 2 newspapers covered this event: Al-Seyassah · Al-Wasat →
Gold prices rose following an oil decline that eased inflation fears, while investors monitor Federal Reserve statements on interest rates.
Translated by Qiyas from السياسة — Original source
Gold prices rose today after a wave of selling in the previous session, as declining oil prices eased inflation concerns, while investors scrutinized statements from the Federal Reserve (the US central bank) for clues about the trajectory of US interest rates.
Spot gold rose 0.7% to $3,900.90 per ounce, after hitting its lowest level in a year during the previous session.
US December gold futures rose 0.3% to $3,909.70.
Gold had fallen 3.5% on Friday to its lowest level since October 2025, slipping below the $4,000-per-ounce mark.
Among other precious metals, spot silver rose 1.8% to $49.97 per ounce, platinum gained 0.1% to $1,432.63, while palladium remained steady at $976.31.
