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Find all the economic and financial information on our Orishas Direct application to download on Play StoreThis Wednesday, gold prices rose slightly
progressed. Investors await the publication of the minutes of the
last monetary policy meeting of the US Federal Reserve as well
that data on employment in the United States, which is likely to provide a
additional insight into the bank's interest rate trajectory
power plant.
At 04:49 GMT, spot gold gained 0.2% at
$4,074 per ounce American gold futures for
deliveries in December also increased by 0.2% at
$4,074.40 per ounce According to Tim Waterer, Chief Market Analyst
at KCM Trade, “the momentum in gold was somewhat hampered by the
Strength of the US dollar and uncertainty about the next date
Fed rate cuts.”
Gold, which does not generate returns, tends to
perform well in a low interest rate environment and during periods
economic uncertainty.
Elsewhere on the market, spot silver increased by 0.4% to $50.90 per ounce, the platinum fell by 0.2% to $1,533.82, while palladium gained 0.6% to $1,409.19
.
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