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Singapore, October 15 (QNA) – Gold prices climbed more than 1% on Thursday, rebounding from a one-week low hit in the previous session as the US dollar weakened, while investors weighed the prospect of a Federal Reserve interest rate hike this month following hotter-than-expected inflation data.
Spot gold rose 1.3% to $4,158.63 per ounce, recovering from its lowest level since October 7, touched on Wednesday. US gold futures for December delivery advanced 1.8% to $4,180 per ounce.
Among other precious metals, spot silver gained 1.1% to $56.26 per ounce, platinum edged up 0.3% to $1,611.15, and palladium climbed 1.3% to $1,107.83. (QNA)
