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Gold rose with the decline of the dollar amid anticipation of US inflation data

April 11, 2023

Gold prices recorded an increase today, with the decline of the dollar, after declining more than 1 percent in the last session, while investors await this week US inflation data that may affect the course of the monetary policy of the Federal Reserve (US Central Bank).

And gold rose in spot transactions 0.2 percent to 1994.48 dollars an ounce (an ounce). US gold futures contracts increased 0.1 percent to 1994.60 dollars. As for other precious metals, silver rose 0.1% to $24.91 an ounce, while platinum increased 0.3% to $994.64, and palladium rose 1.3% to $1429.54. Yesterday, gold prices fell 1 percent to less than two thousand dollars, after US jobs data showed the continued strength of the labor market, which reinforced expectations that the Federal Reserve (the US central bank) would raise interest again in May.

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Arab Desk

Arab Desk

The Arab Desk leads The Eastern Herald's reporting on the Middle East and North Africa. The desk has covered the Gaza-Israel war since October 2023, the Iran-Israel war of 2025-2026, the fall of the Assad government in Syria, Hezbollah's political and military shifts in Lebanon, the war in Yemen, and the diplomatic realignment of the Gulf states under the Abraham Accords and the Saudi-Iranian rapprochement.

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