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Gold prices rise globally today
Gold prices worldwide rose today, Thursday, as the U.S. dollar declined following American consumer spending data that came in below expectations, along with geopolitical developments that boosted expectations of a slowdown in the Federal Reserve's tightening monetary policy. Spot gold prices increased by 0.8% to nearly $4,098 per ounce, while futures rose by 3.15% to approximately $4,163, as investors sought safe-haven assets. Additionally, the prices of other precious metals such as silver, platinum, and palladium declined, supported by the weakening dollar and expectations of easing global inflationary pressures due to geopolitical tensions and reduced risks of monetary policy tightening.
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