Gold Gains Ground Amid Weak Dollar and Anticipation of US Inflation Data

mesoiraq - Gold prices witnessed a noticeable increase supported by the decline of the US currency and lower oil prices, as markets await the release of US inflation data to gauge the upcoming monetary policy directions of the Federal Reserve. The yellow metal recorded gains in spot and futures transactions amid growing expectations regarding future interest rate decisions, while other precious metals such as silver, platinum, and palladium experienced similar positive movements.