Gold Prices Rise as Dollar Declines: US Inflation Data and Federal Reserve Decision Awaited

Gold prices rose today, Tuesday, amid the decline of the dollar, but the price movement remained in a limited range, as dealers await the release of US inflation data and the Federal Reserve (US Central Bank) decision on monetary policy.Add an advertisement

According to Bloomberg Economic Agency, gold in the spot market rose 0.2 percent to $1960.59 an ounce, and US gold futures rose 0.3 percent to $1974.60.
Among other precious metals, spot silver rose 0.4 percent to $24.1395 an ounce, platinum rose 0.5 percent to $994.47, and palladium rose 0.9 percent to $1,361.62.