B · Normal
[Gold price returns above $4,400 as traders weigh the path of the Federal Reserve to raise interest rates] September 10th: Gold prices rose back above $4,400 per ounce as traders awaited U.S. inflation data due to be released later this week to explore whether the Federal Reserve will raise interest rates. Gold prices rose 0.8% at one point, continuing a 1% gain from the previous trading day after ending three consecutive days of decline. Gold prices have traded within a tight range in recent weeks, with some investors betting on the metal's long-term value as a portfolio hedging tool despite short-term headwinds from rising Treasury yields and escalating tensions in the Middle East.
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