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Gold Gains as Dollar Dips
Gold prices rose slightly due to the decline in the dollar and decreased expectations of interest rate hikes in the United States, following weaker-than-expected US employment data and moderate inflation. The spot price of gold increased by 0.3% to $4,388.62 per ounce, while US December futures contracts rose by 0.2% to $4,444.30. The dollar index fell by 0.1%, boosting gold's appeal, and the likelihood of a rate hike next month dropped to 33% from 47%. Additionally, other precious metals saw notable gains, with silver at $65.19, platinum at $1,755.40, and palladium at $1,329.
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