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Gold Prices Increase Amidst Decline in Oil Prices and Anticipation of US Inflation Data

Tunis:Gold prices rose Tuesday as oil prices fell and investors awaited US inflation data for insights into the Federal Reserve's interest rate plans.

According to Qatar News Agency, spot gold increased by 0.4% to $4,188.27 per ounce, reaching a one-week high during Monday's session. Meanwhile, US gold futures for December delivery went up by 0.5% to $4,212.50.

Oil prices experienced a decline, marking potential losses for the first time in nearly a week. In other precious metals, spot silver increased by 0.2% to $60.46, platinum gained 0.5% to $1,694.65, while palladium decreased by 0.2% to $1,141.23.

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