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Gold rises from two-month low
Gold prices rose slightly by 0.3% to $4,123.6 per ounce after hitting their lowest level in two months, as the market wait for the Federal Reserve's policy stance on interest rate hikes. Despite the decline in the spot price, US gold futures continued to increase by 0.13% to reach $4,150.60. Meanwhile, the Federal Reserve meeting minutes revealed divisions among committee members regarding the reasons for raising interest rates, with an 80% probability of a hike in December. The rising energy prices and growing public debt are impacting the global economy, alongside IMF warnings about inflation threats and market volatility.
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