Reported 2 days ago
Gold has increased for the third consecutive day as traders prepare for important US inflation reports that could influence the Federal Reserve's final interest-rate decision of the year. Currently trading near $2,675 an ounce, gold's rise is attributed to heightened haven demand due to geopolitical tensions and China's central bank's recent addition of gold to its reserves. The upcoming data may crucially affect market expectations regarding potential interest rate cuts by the Fed.
Source: YAHOO