Gold stays at $4,141 per ounce
Gold settled at around $4,141 per ounce despite the strength of the dollar and a decline in expectations for an interest rate hike by the U.S. Federal Reserve in October. Meanwhile, silver surpassed the $61 level, and platinum and palladium prices slightly increased. The appeal of gold as a safe haven was reinforced due to concerns over rising government debt and geopolitical instability, even though U.S. bond yields are rising and there is a possibility of rate hikes in December. This comes amid a slowdown in U.S. service sector growth and projections that inflation will persist until 2027.
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