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Gold nears 10-week peak with gains
Gold prices rose by approximately 1% during today's trading session, approaching their highest levels in 10 weeks. This gain was supported by a decline in expectations of an interest rate hike by the Federal Reserve following weaker-than-expected jobs data and renewed indications of a potential slowdown in monetary policy. Spot gold reached $4,406.34 per ounce, with expectations of a gradual rate increase continuing to enhance its appeal as a safe-haven asset amid the geopolitical tensions in the Middle East. Additionally, other precious metals also increased, with silver rising by 1.2% and platinum by 0.6%.
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