Gold reaches 9-week high
Gold prices rose to their highest level in nine weeks, with the spot price per ounce increasing by 0.8% to reach $4,376.56, driven by investor expectations regarding U.S. inflation data that will influence Federal Reserve monetary policy decisions. Additionally, gold futures gained 0.5% to $4,419.70. Moreover, other precious metals saw gains: silver surged 3.1% to $65.50, platinum rose to $1,746.50, and palladium increased to $1,380.17. This rise reflects economic tensions and factors related to inflation monitoring and their impact on the precious metals market.
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