Gold dips as dollar rises and U.S. inflation data nears
Gold prices declined slightly by 0.2% to $4,332.68 per ounce, influenced by the strength of the dollar and anticipation of upcoming US inflation data at the end of the week. This comes amid expectations of rising energy prices and inflation due to tensions in the Strait of Hormuz, with the likelihood of the Federal Reserve raising interest rates increasing to 44% in September from 57% before the jobs report. Meanwhile, platinum and palladium prices fell, while silver prices increased by 0.6%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)