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Gold prices rose today, Monday, after a sell-off in the previous session, as lower oil prices eased inflation concerns, while investors ?focused on evaluating Federal Reserve (US Central Bank) statements for clues regarding the path of US interest rates.
According to Bloomberg economic news agency, gold in spot transactions rose 0.7 percent to reach $3900.90 per ounce, after recording its lowest level in a year during the previous session.
US gold futures for December delivery rose ?0.3 percent to reach $3909.70 ?dollars.
As for other precious metals, silver rose in spot transactions by 1.8 percent to reach $49.97 per ounce, platinum rose by 0.1 percent to reach $1432.63, while palladium stabilized at $976.31.
Furthermore, the dollar index, which measures the performance of the US currency against a basket of major currencies, stabilized at 101.94 points.
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