Gold Edges Higher as Dollar Weakens Globally

Gold prices edged higher in early Asian trading on Wednesday, as falling oil prices eased inflation concerns. Investors are awaiting the results of the US midterm elections and key labour market data for indications of the future direction of monetary policy.اضافة اعلان

According to Bloomberg, spot gold rose 0.2% to $3,934.75 per ounce, while US gold futures for December delivery gained 0.1% to $3,943.20.

Among other precious metals, spot silver climbed 3.03% to $51.26 per ounce, while platinum rose 2.25% to $1,452. Palladium also gained 0.5% to reach $938.49 per ounce.

Meanwhile, the US dollar index, which measures the greenback against a basket of six major currencies, fell 0.2% to 101.7 points.

Source:  (Bloomberg)