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Gold Gains on US Rate Pause
Gold prices rose today to their highest level in over two months, driven by a decline in expectations of an American interest rate hike following data showing a slowdown in inflation pressures. Spot gold increased by 0.6% to reach $1,433.62 per ounce, while U.S. futures contracts for December delivery rose to $1,493 per ounce. Other precious metals also gained, with silver up 1% to $65.91, platinum increasing by 0.3% to $1,762.70, and palladium rising by 0.1% to $1,371.20.
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