The rise in gold prices – the economic – the global economy

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Gold moved within a narrow range during trading on Wednesday, as investors awaited more data on US inflation and indicators on monetary policy from the European Central Bank, while weaker Treasury yields provided some support for the yellow metal.

The benchmark 10-year US Treasury yields are hovering near the lowest level in more than a month while the dollar index is flat.

And gold in the spot market rose 0.1 percent to $ 1893.80 an ounce by 0524 GMT, and gold in futures trading in the United States rose 0.1 percent to $ 1896.60.

Tomorrow Thursday, traders will closely follow the European Central Bank meeting and the CPI report in the United States to know the direction of the Federal Reserve regarding monetary policy.

The US Federal Reserve meets next week.

As for other precious metals, silver settled at $27.64 an ounce, palladium fell 0.1 percent to $ 2803.13, while platinum fell 0.1 percent to $1160.08.

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