Gold prices rise on weaker dollar

Gold prices rise on weaker dollar

Gold prices rise on weaker dollar

September 19 2022 01:01 PM



Spot gold was up 0.2 percent at $1,677.89 per ounce. US gold futures rose 0.2 percent at $1,686.50.



Gold prices rose on Monday, supported by a weaker dollar, as investors assessed some risk of aggressive rate hikes expected this week by major central banks especially the US Federal Reserve to tame inflation.

Spot gold was up 0.2 percent at $1,677.89 per ounce. US gold futures rose 0.2 percent at $1,686.50.

The dollar index was down 0.2 percent, making bullion less expensive for overseas buyers.

Spot silver gained 0.2 percent to $19.59 per ounce. Platinum fell 0.1 percent to $906.15 and palladium was down 0.2 percent at $2,129.55.

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