Gold prices rise with the fall of the dollar

Gold prices rose today, supported by the weakness of the dollar, while investors prepared for important inflation data in the United States and the decision of the Federal Reserve (US Central Bank) scheduled next week to raise interest rates.

Spot gold increased 0.2% to $1,793.16 an ounce by 0241 GMT, but has fallen 0.3% since the beginning of the week.

US gold futures rose 0.2 percent to $1,804.80.

The dollar index fell 0.1 percent.

A weaker dollar makes gold more attractive to buyers holding other currencies.

Follow our latest local and sports news and the latest political and economic developments via Google news