Gold prices surpass $4126 as oil and dollar fall

Gold prices rose by more than one percent today, supported by the decline of the dollar and lower oil prices, which contributed to the easing of inflation fears, amid anticipation of US inflation data to anticipate the path of interest rates at the Federal Reserve (the US central bank).

Gold rose by (1.5%) to $4126.25 an ounce, while US gold futures for December delivery rose to $4135.50 an ounce.

In other precious metals, silver gained 1.4% to $52.61 an ounce, platinum gained 1.9% to $1561.57 an ounce, and palladium gained 0.5% to $1028.57 an ounce.

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