Gold prices rise while the USD currency stagnates
Source: economies.com | Gold prices rise as dollar stalls
For the first time in five days, gold prices increased in European trade on Thursday, maintaining their gains over two-week lows as the dollar stagnates versus a group of important competitors.
The advances come ahead of significant US statistics later today that will offer new information on the direction of interest rates as well as crucial hints about the state of the US labour market as of right now.
Following the release of the Fed's meeting minutes, which were more positive than anticipated, prices for a US interest rate drop in March 2024 fell.
Today's Gold Prices
After dropping 0.8% yesterday—the worst decline since December 11—and hitting two-week lows at $2,030, gold prices increased by 0.4% to $2,049 a...