Business · Markets · 1 hr ago
Gold rises above $4,200 as the US dollar weakens
Gold prices rose on Monday, with spot gold up 0.3% to $4,206.01 an ounce.
The price reached its highest level since October 2 earlier in the session.
A weaker US dollar helped support gold because it made the metal less expensive for buyers using other currencies.
Investors are watching for US inflation figures this week to gauge the Federal Reserve’s likely direction on interest rates.
The Consumer Price Index is due Wednesday, followed on Thursday by producer prices and retail sales data.
Those figures could shift market expectations about the Fed’s interest-rate decisions.
Silver, platinum and palladium prices also rose.
Gold prices rose above $4,200 an ounce as the US dollar weakened.
Spot gold gained 0.3% to $4,206.01 an ounce by 5:53 a.m. Saudi time on Monday.
US gold futures for December delivery rose 0.3% to $4,230.40 an ounce.
Investors are awaiting US inflation data for clues about the Federal Reserve’s interest rate decisions.
Silver, platinum and palladium prices also rose.
- Who
- Gold traders and investors.
- What
- Gold rose above $4,200 an ounce as the US dollar weakened.
- When
- Monday, October 12, 2026; spot gold was quoted at 5:53 a.m. Saudi time.
- Where
- Not stated
- Why
- A weaker dollar made gold less expensive for buyers using other currencies. Investors were also awaiting US inflation data for clues about Federal Reserve policy.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
Gold prices rose during trading as the US dollar weakened.
Spot gold was up 0.3% at $4,206.01 an ounce.
US Consumer Price Index data are scheduled for release.
US Producer Price Index data and retail sales figures are scheduled for release.
- Spot gold
- $4,206.01 an ounce, up 0.3%
- December gold futures
- $4,230.40 an ounce, up 0.3%
- Silver
- $61.02 an ounce, up 0.4%
- Platinum
- $1,701.40 an ounce, up 0.8%
- Palladium
- $1,156.81 an ounce, up 0.8%
Sources
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