Gold gains on weaker oil, dollar; US inflation data in focus
Gold prices rose slightly to $4,198.19 per ounce on Monday, driven by a weaker dollar and lower oil prices. Investors are currently awaiting upcoming US inflation data to gauge the Federal Reserve's future interest rate policy.
Why it matters
Gold is a key indicator of market sentiment and inflation expectations, and its price movements reflect broader macroeconomic uncertainty.
Oct 12 (Reuters) - Gold rose on Monday, supported by a softer dollar and lower oil prices, as investors awaited key US inflation data…
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