Gold prices rose today, Thursday, supported by expectations that the Federal Reserve (the US central bank) has reached the end of its monetary tightening cycle, but the rise in the dollar limited the gains.
Gold rose in spot transactions by 0.1 percent to $1,961.81 per ounce, while US gold futures settled at $1,964.60.
Fluctuations in gold prices calmed after the excitement that followed the US inflation report, and it appears to be completely stable around $1960, despite the dollar’s attempt to compensate for some of its losses.
Source (Al-Arabiya.net Website, Edited)
