Gold rises, investors await US interest

LONDON (Reuters) – Recorded gold prices A slight rise today, Wednesday, as the rise in infections with the mutant Omicron boosted demand for it as a safe haven for investments.
However, the trading movement remained confined to a limited range, as investors awaited the details of the recent policy meeting of the Federal Reserve (the US central bank), with increasing bets on raising interest rates.
And gold rose in spot transactions 0.2 percent to $ 1818.79 an ounce (an ounce) at 10.25 GMT, and its price in the US futures market rose 0.3 percent to $ 1819.50.
Markets are awaiting the details of the Federal Reserve’s meeting on December 14 and 15, which will be issued at 19:00 GMT today, and may shed light on the board’s plan to raise interest rates and ease the stimulus measures that were motivated by the pandemic.
In other precious metals markets, the price of silver settled unchanged at $23.06 an ounce, and the price of platinum rose 0.9 percent to $980 an ounce and palladium 2.1 percent to $1,910.08 an ounce.

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