Growth of Gold Prices Continues

Forex News

Gold rose by 1% and traded at $1281.70. Stabilization of the US dollar and falling yields of bonds have increased the attractiveness of metal among some investors. In Asia, there are fixations of profits after one-day growth, and gold fell three dollars to $1278.50 in the middle of the Asian session. The precious metals market also ignores the visit of US President Donald Trump to the Asian region.

Meanwhile, prices remained under pressure because of expectations that the Federal Reserve will make another interest rate hike in December, for the third time since the beginning of the year. The CME Group data showed that investors estimate the probability of another rate increase this year at 96.7%.