Gold prices rise above $4,158
Gold prices rose today, Monday, after weak economic data lowered expectations of the Federal Reserve (the U.S. central bank) raising interest rates in October, increasing gold's appeal as a safe haven. In spot trading, gold increased by 0.4% to approximately $4,158 per ounce, while U.S. gold futures for April gained 0.6% to around $4,186, reflecting rising demand for the metal amid diminished expectations of a U.S. interest rate hike.
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