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Home World 26/June/2026 08:55 AM

Gold prices rise as easing US rate concerns weigh on dollar

SINGAPORE, June 26, 2026 (WAFA) – Gold prices rose on Friday after US inflation data came in largely in line with expectations, easing concerns over an imminent interest rate hike by the US Federal Reserve and pushing the US dollar and Treasury yields lower.

Spot gold climbed 0.8% to $4,032.74 per ounce, while US gold futures for August delivery rose 1% to $4,047.60 per ounce.

Among other precious metals, spot silver gained 1.7% to $58.38 per ounce, platinum rose 1.8% to $1,606.61 per ounce, and palladium advanced 1.9% to $1,188.19 per ounce.

M.N

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