2024-01-09T08:32:45+00:00
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/ Gold prices rose during these moments of trading, today, Tuesday, from their lowest levels in three weeks, supported by the stability of the dollar after official data showed that consumers expect a decline in inflation, which strengthened hopes for a reduction in interest rates by the US Federal Reserve.
Gold futures are now up 0.44% to $2,042 an ounce.
While spot gold contracts rose by about 0.42% to $2036 per ounce. This after reaching its lowest levels since December 18.
On the other hand, the dollar index stabilizes at 101.94 points
Stronger-than-expected jobs data last week, along with minutes from the Federal Reserve’s latest meeting indicating uncertainty about the timing of interest rate cuts, dampened sentiment about an early rate cut in the United States.
Investors are now awaiting the US consumer price inflation report on Thursday for more clarity on the size and depth of interest rate cuts by the Federal Reserve.
As for other metals, silver rose in spot transactions 0.1 percent to $23.11 per ounce, while platinum increased 0.3 percent to $948.42, and palladium gained 0.6 percent to $1,003.46.