Gold prices reach $4,376.02
Gold prices increased by 0.6% to $4,376.02 per ounce, supported by a decline in the U.S. dollar and expectations from the U.S. Federal Reserve following recent inflation data, which suggests a possibility of keeping interest rates steady in September. Additionally, gold futures rose to $4,433.90, while silver prices increased to $65.08, platinum to $1,733.34, and palladium to $1,318.50. Gold has continued its upward trend for the fourth consecutive week, reaching its highest level in seven weeks, amid expectations of ongoing support from a weakening dollar and mixed U.S. economic data.
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