LONDON (Reuters) – Received gold prices Today, Wednesday, fears that the economy will be affected by high energy prices, and a slight decline in the dollar, were supported by investors awaiting US inflation data.
And gold rose in spot transactions 0.4 percent to $ 1767.08 an ounce (an ounce) by 09.08 GMT, while US gold futures rose 0.5 percent to $ 1767.10.
Yields on benchmark 10-year US Treasuries have fallen from highs hit in June, while the dollar gave up gains in the previous session, making the yellow metal cheaper for overseas buyers.
Today, US consumer price inflation data and the minutes of the Federal Reserve’s September meeting will be released, amid concerns that inflation, exacerbated by an energy crisis in major economies, may hamper growth.
“As recession talks continue to undermine global sentiment and encourage risk aversion, this could support gold buyers – resulting in higher prices,” said Lucman Otunuga, analyst at FXTM.
As for other precious metals, silver rose in spot transactions 1.1 percent to $22.77 an ounce, platinum rose 0.3 percent to $1010.03, while palladium rose 1.7 percent to $2,079.68.