Gold climbs on falling oil and rate outlook
Gold prices rose slightly amid declining oil prices and expectations that U.S. interest rates will remain stable or increase in December. The spot price of gold increased by 0.2% to $4,172.87 per ounce, while futures contracts rose to $4,193.30. Several factors are supporting the yellow metal, including the decline in oil prices following American exemptions on Russian fuel exports and the growing demand for safe-haven assets, despite the rising dollar index. Other precious metals such as silver, platinum, and palladium also experienced noticeable gains, supported by strong industrial and investment demand.
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