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Gold Prices Surge Over 1% Supported by Retreating Oil Prices and Easing Inflation Concerns

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Gold prices rose globally by more than 1% driven by a decline in oil prices and a decrease in inflation concerns, amid anticipation of US interest rate data. Gold in over-the-counter transactions rose 1.6% to $4,129.69 per ounce, while December gold futures rose 1.6% to $4,139. Investors are eyeing US inflation data and fresh clues on the Federal Reserve’s policy outlook. The rise in gold prices was also supported by a retreat in the dollar, making gold more affordable for foreign buyers.

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15 Sources

  1. Al-Quds avatar

    Al-Quds

    RSS / @alquds.com/rss

    أسعار الذهب تقفز بأكثر من 1% مدعومة بتراجع مخاوف التضخم وهبوط النفط ار...

  2. Dan Popescu avatar

    Dan Popescu

    X / Twitter / @PopescuCo

    Gold gains more than 1% as softer oil prices ease inflation worries -...

  3. Al-Manar avatar

    Al-Manar

    RSS / @https://www.almanar.com.lb/rss

    الذهب يرتفع بأكثر من 1% مع تراجع مخاوف التضخم بفعل انخفاض أسعار النفط...

  4. Asharq News الشرق للأخبار avatar

    Asharq News الشرق للأخبار

    X / Twitter / @AsharqNews

    الذهب يصعد 1.3% في المعاملات الفورية إلى نحو 4122 دولارا للأونصة https...

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