_1777352142843_145525226.png&w=64&q=75){kind=small}
Gold prices rise at open
Gold prices rose by more than 1% today, Thursday, bouncing back from their lowest level in a week, following a decline in the dollar and expectations of further increases in US interest rates. Reports indicate rising inflation and higher consumer prices in September. The spot price of gold reached $4,158.63 per ounce, while futures increased to $4,180. The market is closely watching upcoming inflation indicators and retail sales data. The increase in gold reflects heightened demand as a hedge against inflation, despite the fact that rising interest rates tend to reduce its attractiveness.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)