Gold stays above $4,400 ahead of US data
Gold prices rose above $4,400 per ounce as the dollar declined by 0.3%, with the market focusing on the upcoming U.S. inflation data due Thursday and Friday. These figures could lead to a 60% chance of a rate hike at the Federal Reserve's next meeting. Spot gold increased by 0.3% to reach $4,418.79, while futures dipped to $4,464.80. Other precious metals also saw gains, with silver rising to $66.34, platinum to $1,836.97, and palladium to $1,401.47, amid geopolitical tensions with Iran and inflation concerns.
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