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Gold rises for third session amid falling US rate expectations
Gold prices continue their rise for the third consecutive session, supported by a decline in expectations of an increase in U.S. interest rates. This comes after a decrease in the dollar index and economic data that contributed to market revisions of monetary policy expectations. Spot gold prices increased by 0.4% to $1,431.09 per ounce, while December futures contracts rose by 0.3%, reaching $1,487.70. Other precious metals also saw gains, with silver up 0.8% at $26.33, platinum up 0.5% at $1,779.50, while palladium remained steady at $1,332.50. Markets are awaiting further signals from the Federal Reserve meeting minutes regarding future policies.
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