Source : WAM
Gold prices increased in spot trading this morning as falling oil prices helped ease inflation concerns. Meanwhile, investors are waiting for several U.S. economic data releases scheduled for this week to better gauge the Federal Reserve’s policy outlook.
Gold rose by 4% to $5,213.99 per ounce. Spot silver climbed 6% to $88.89. Platinum in spot trading gained 1% to reach $2,221.48, while palladium increased 1.5% to $1,679.73.
