13 Hrs
Source:
AL24 News
Gold Recovers as Dollar Falls
Gold prices rose during today's trading on Wednesday, benefiting from a decline in the dollar and oil prices, while investors await the Federal Reserve's decision on interest rate hikes. Spot gold prices increased by 0.7% to reach $4,324.36 per ounce, while December futures rose by 0.8% to $4,365. Gold's price trend may be influenced by the Federal Reserve's expected 25 basis point interest rate increase, with a probability of up to 93%. Other precious metals also saw slight gains, while palladium and platinum experienced declines.
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