27 November 2024
Gold prices climbed as the US dollar weakened, with investors awaiting key economic data that could influence the Federal Reserve’s interest rate decisions. Spot gold rose 0.8% to $2,653.20 per ounce, recovering from earlier losses triggered by easing geopolitical tensions in the Middle East. Traders are focusing on upcoming US economic indicators, including the PCE inflation data, which may provide insights into the Fed’s monetary policy direction.