Gold rises over 1% as softer oil prices ease inflation worries
Spot gold rose 1.4% to $4,123.46 an ounce as traders awaited U.S. inflation data and watched for clues on Federal Reserve policy.
- Spot gold climbed 1.4% to $4,123.46 per ounce on Monday, while gold futures for December delivery also rose 1.4% to $4,132.70.
- President Donald Trump's conciliatory tone toward Iran helped limit oil prices, easing inflation pressure alongside a softened dollar that made bullion more affordable for overseas buyers.
- Job growth accelerated in October with unemployment falling to 4.1%, while silver rose 2.8% to $53.31 per ounce and platinum gained 1.6% to $1,556.14.
- Traders currently see an 81% chance the Fed will raise rates in December, up from 71% before payroll data, according to CME's FedWatch tool.
- Market participants await the Consumer Price Index data on Tuesday and the Producer Price Index on Friday to further gauge the Fed's monetary policy stance.
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Gold Price Surpasses $4,100 as Falling Oil Prices Ease Inflation Concerns
Gold prices rose more than 1% on Monday, supported by lower oil prices, a weaker US dollar and easing inflation concerns. Investors are awaiting upcoming ... The post Gold Price Surpasses $4,100 as Falling Oil Prices Ease Inflation Concerns first appeared on [your]NEWS.
Gold rises over 1% as softer oil prices ease inflation worries
Gold prices rose more than 1% on Monday, extending gains after surging nearly 5% last week. Spot gold climbed 1.6% to $4,129.69 per ounce by 02:20 GMT, while U.S. gold futures for December delivery also rose 1.6% to $4,139. Among other precious metals, spot silver gained 2.8% to $53.31 per ounce, platinum rose 1.6% to $1,556.14, and palladium climbed 2.1% to $1,044.28.
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coinstats.appGold and Silver Recover After Recent Sell-Off: 3 Factors to Watch
The post Gold and Silver Recover After Recent Sell-Off: 3 Factors to Watch appeared first on Coinpedia Fintech News Gold and silver are showing signs of recovery after a recent sell-off, with both precious metals attempting to regain momentum amid shifting macroeconomic conditions. Gold is trading near $4,100 per ounce, while silver is holding around $52.58. The rebound comes as declining crude oil prices ease inflation concerns and weakness in …
Gold prices rose by more than 1 per cent during Monday's 9N, with oil prices falling and inflation concerns receding, while investors expect new US data and Fed signals on monetary policy trends. According to the data received, gold in immediate transactions rose by 1.6 per cent to US$ 69,429, while American contracts increased [...].
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