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Gold rebounds after two-month low
Gold prices rose slightly today, Thursday, following the dollar's retreat from its 18-month high, which helped the precious metal recover from its two-month low. Spot gold increased by 0.5%, reaching $4,132.66 per ounce, after hitting its lowest level since August 5th due to the strength of the dollar and rising U.S. Treasury yields. Additionally, gold futures climbed by 0.4% to $4,157.60. These gains came amid market expectations regarding the trajectory of U.S. interest rates, as the Federal Reserve meeting minutes showed a split among policymakers about the reasons for raising rates in September. Alongside gold, other precious metals also gained: silver rose by 0.4% to $60.36 per ounce, platinum increased by 1.8% to $1,660.05, and palladium went up by 1.6% to $1,142.
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