Gold Rises as Dollar Falls
The price of gold increased by 2.4% to reach $4,175.5 per ounce, supported by a decline in the dollar, which made dollar-priced metals more attractive. The market is also awaiting the release of the American jobs data scheduled for Friday, with expectations that the Federal Reserve will raise interest rates to 57% at its September meeting, in response to rising oil prices and increasing inflation. Other metals such as silver, platinum, and palladium also experienced notable gains.
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