By more than 1%.. Gold continues to rise with anticipation of US jobs data
Gold prices continued to rise today, Wednesday, amid increasing demand for safe assets, and attention turned to the minutes of the bank’s meeting The Federal Reserve for October, and the US jobs report scheduled for release on Thursday, looking for clues to possible moves in interest rates.
The price of gold rose in Spot transactions increased by 1.2% to $4,115.81 per ounce, by 12:32 GMT, while US gold futures (December delivery) rose by 1.2% to reach $4,116.50 per ounce.
In other precious metals, silver in spot transactions rose 3.1% to $52.24 per ounce, and he added. Platinum rose 2.6% to $1,574.05, and palladium rose 1.9% to $1,427.62.
Investors are currently awaiting the announcement of details of the minutes of the October Federal Reserve meetings, which are scheduled to be issued later today, and the report September Nonfarm Payrolls, which is scheduled to be released on Thursday after being postponed due to the government shutdown.
Traders are currently placing a roughly 49% chance of a rate cut at the Fed’s meeting scheduled for December 9-10.
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