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Gold gains amid falling dollar and yields
Gold prices rose today due to a decline in the dollar and Treasury bond yields, following U.S. inflation data that aligned with expectations. This eased concerns about the Federal Reserve raising interest rates. The spot price of gold increased by 0.8% to reach $4,032.74 per ounce, while U.S. futures contracts for August delivery gained 1% to $4,047.60 per ounce. Other precious metals also saw gains, with silver rising 1.7% to $58.38, platinum up 1.8% to $1,606.61, and palladium increasing 1.9% to $1,188.19.
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