Gold prices rise 1% as inflation concerns ease
Gold climbed 1% on easing inflation worries, with investors awaiting signals on US Federal Reserve policy direction.
Key Takeaways
AIGold prices rose by 1% on Monday, supported by easing concerns over inflation as investors awaited signals on the future direction of US Federal Reserve policy.
Spot gold climbed to $4,092.43 per ounce, while US gold futures increased by 1.5% to $4,149.50 per ounce.
Among other precious metals, spot silver rose 2.8% to $59.82 per ounce, platinum gained 7.1% to $1,745.42, and palladium advanced 7.1% to $1,355.13.