Gold gains nearly 1% ahead of US inflation data
The price of gold increased by approximately 0.9%, reaching $4,406.34 per ounce, as investors awaited U.S. inflation data that could influence the Federal Reserve's decision on interest rate hikes, with expectations declining for a rate increase next month. Additionally, the December futures contracts for gold traded on the American market rose by 0.6%, reaching $4,466.70. Gains were also seen in other precious metals: silver rose by 1.2% to $65.46, platinum increased by 0.6% to $1,754.10, and palladium went up by 0.8% to $1,370.86.
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