Gold Price Rises on Dollar Weakness Ahead of US Jobs Data

Post Views: 11 Gold prices Gold Price Rises on Dollar Weakness and Market Sentiment Gold prices rose 0.4% to $3,287.10 per ounce on Monday, supported by a weaker US dollar and improved market risk appetite. The metal rebounded from a one-month low of $3,248.42 earlier in the session. Meanwhile, US gold futures gained 0.4%, trading near $3,300.80 per ounce in New York. A softer dollar made gold cheaper for holders of other currencies, bolstering demand.   Impact of US Dollar and Federal Reserve Speculation on Gold Prices The US dollar index hovered near its lowest level since March 2022, u...