PRECIOUS-Gold gains on weaker dollar, spotlight turns to US inflation data
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Gold prices rose 0.5% to $3,347.39 per ounce as the U.S. dollar weakened, driven by concerns over the Federal Reserve's independence and anticipation of U.S. inflation data. President Trump criticized Fed Chair Powell and suggested potential replacements. Analysts predict gold will remain within the $3,000-$3,500 range until clearer signals on interest rates emerge. Palladium and platinum also saw significant gains, attributed to tight supply and ongoing demand for internal combustion vehicles. Spot silver increased by 0.5% to $36.49.
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