Gold rises as dollar declines
Gold prices rose as the dollar declined and expectations for a U.S. interest rate hike diminished, following economic data showing low inflation and a decrease in non-farm employment figures for July. Spot gold increased by 0.6%, reaching approximately $4,400 per ounce, while futures rose to $4,456. The dollar index dropped by 0.2%, making gold cheaper for holders of other currencies, accompanied by gains in other precious metals: silver rose by 1.8%, platinum by 0.7%, and palladium by 1.7%. Experts believe that continued gains will require a further decline in the dollar or a drop in energy prices.
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