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Gold climbs as markets await US inflation data
Gold prices rose slightly today, supported by a decline in the dollar, as investors awaited the release of U.S. inflation data that will determine the Federal Reserve's monetary policy path. Spot gold gained 0.3%, reaching approximately $4,418.79 per ounce, while December Bitcoin futures fell by 0.3% to $4,464.80. The dollar index also decreased by 0.3%. Markets expect the inflation data to influence decisions on interest rate hikes, with close attention to consumer and producer price indices. Other precious metals, such as silver, platinum, and palladium, increased between 0.6% and 0.9%, amid ongoing geopolitical tensions and rising energy prices.
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