Gold reaches new high and oil up 1%
Gold prices jumped to their highest level in more than two months, as investors awaited signals regarding the trajectory of U.S. interest rates. The spot ounce rose to $4,432.74, while gold futures increased by 1.7% to reach $4,492.60. Other precious metals also saw gains, with silver up 0.9% at $66.30 and diamonds up 0.7% at $1,765.26 per ounce. On the oil front, prices climbed by more than 1% at settlement, with Brent crude up 1.4% to $88.91 per barrel, and West Texas Intermediate rose by 1.3% to $83.20.
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