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Commodities

Weakening Dollar Lifts Gold Prices Above $4,400

Guavy AI Editorial Team
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Gold
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Gold prices have risen due to the weakening US dollar, which has made gold more affordable for buyers holding other currencies. Spot gold rose by 0.3% to $4,412.84 per ounce by 02:34 GMT on Thursday.

The US dollar remained under pressure despite the upward trajectory of US interest rates, according to Marex analyst Edward Meir. This has led to a persistently weak US dollar, which is benefiting gold prices.

US gold futures for December delivery dipped by 0.1% to $4,457.10 per ounce, according to Reuters market data.

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