Gold rises as softer oil prices ease inflation concerns, Fed hike bets in focus
6 Articles
6 Articles
Gold prices rose as oil declined, while investors were expecting new indicators on American interest rates and inflation data, amid varying expectations about the possibility of raising interest this month and next December.
Gold prices rose during today's Monday dealings, backed by a decline in oil prices that relatively alleviated inflationary fears, at a time when investors are assessing the prospects for higher interest rates by the Fed later this year. The dollar index - which measures the performance of the US currency in front of a basket of six major currencies - settled to trade [...] high gold and silver prices with dollar stability written in the stock ma…
Gold prices rise to $4,185.53 as softer oil eases inflation concerns, Fed outlook in focus
Gold prices edged higher on Monday as weaker oil prices offered support, while investors assessed the likelihood of U.S. Federal Reserve interest rate hikes later this year amid persistent inflationary pressures. Spot gold rose 0.48 percent to $4,185.53 per ounce by 5:47 GMT, while U.S. gold futures for December delivery gained 0.59 percent to $4,205.75. […]
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