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Gold: rising prices

10/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Backed by a weaker dollar and safe haven flows in the face of fears of a global trade conflict, the price of gold rose slightly on Monday. Investors are waiting for new signals to assess the US Federal Reserve's interest rate position.

Spot gold was up 0.1% to $2,911.71 per ounce at 0447 GMT, while US gold futures strengthened 0.1% to $2,917.90. Gold is seen as a hedge against political risks and inflation, but rising interest rates are dampening the appeal of this non-yielding asset. Spot silver fell 0.4% to $32.42 per ounce, platinum rose 0.2% to $965.15, and palladium fell 0.1% to $949.21

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