Spot gold rises 0.3 per cent to $4,175.60 per ounce
Spot gold rose 0.3 per cent to $4,175.60 per ounce as the market opened the week. US gold futures for December delivery gained 0.4 per cent to reach $4,196.40.
Tim Waterer, chief market analyst at KCM Trade, said, "Gold is posting a modest rise to start the week. The metal is responding positively to the softer tone in oil prices from an inflation standpoint." Silver prices climbed 0.9 per cent to $57.54 per ounce, while platinum gained 0.7 per cent to $1,642.29.
Palladium prices rose 1.5 per cent to $1,129.13. US import prices increased more than expected during September.
President Donald Trump waived tariffs and sanctions on Russia. The CME’s FedWatch Tool shows traders pricing in a 16 per cent chance of a rate hike this month.
Data from the same tool indicates a 92 per cent probability of an interest rate increase in December.





























