Gold climbs as oil declines on rate outlook
Gold prices rose slightly, supported by falling oil prices and investors awaiting the US interest rate policy. The ounce traded at $4,175.60 in spot transactions and $4,196.40 in futures, amid expectations of a possible 16% rate hike this month and 92% in December. Currently, gold is in a zone negatively affected by rising interest rates, but it benefits from expected declining inflation and falling bond yields. Meanwhile, investors are awaiting the Federal Reserve's meeting to make decisions regarding interest rates, with continued forecasts of a potential hike to counter inflation pressures.
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