Buoyed by expectations of lower rates Of American interest this month, gold prices rose on Wednesday, continuing above the critical threshold of $3,600 per ounce.

Spot gold appreciated by 0.5% at $3,644.54 per ounce at 06:52 GMT, after reaching a record high record of $3,673.95 USD on Tuesday.

American gold futures for deliveries in December remained stable at $3,683 USD.

Investors will be watching the data closely on producer price inflation in the United States, expected at 12:30 GMT, as well as the consumer inflation indicator forecast for Thursday, to obtain additional guidance on the trajectory of Reserve rates federal.

According to financial markets specialist Kyle Rodda at Capital.com, “the market feeling is very bullish. Several major factors are currently supporting gold prices. The main thing remains expectations of lower American rates.”

Elsewhere, money at Cash gained 0.6% to $41.14 US per ounce. Platinum rose by 1.1% at $1,383.90 US, while palladium remained stable at $1,147.98 USD