Gold futures rebounded above $1,780 today. The positive factor from the depreciation of the dollar. and falling US government bond yields.
Also, investors buy gold as a safe asset. After the news of an attack on a tanker off the coast of Oman Including the news that a missile was fired at the Polish border.
At 22:49 Thai time, the COMEX (Commodity Exchange) gold contract is delivered in December. plus $4.50 or 0.25% at $1,781.30/ounce
A weaker dollar increases the attractiveness of gold. Making gold contracts cheaper for holders of other currencies. As for the decline in US government bond yields. This will reduce the opportunity cost of holding gold. Because gold is an interest-free commodity in the form of interest.
Gold prices were also boosted by investor expectations that the Federal Reserve (Fed) will raise interest rates by just 0.50% at its December monetary policy meeting. after revealing lower-than-expected inflation numbers
