New york: Gold rose on Monday, supported by a weaker dollar and fading expectations of an interest rate hike by the Federal Reserve (the US central bank). Spot gold increased by 1.2 percent, reaching $4,426.52 per ounce.

According to National Iraqi News Agency, US gold futures for December delivery also saw a rise, climbing 1.1 percent to $4,484.10. The increase in gold prices reflects broader market trends, as other precious metals similarly experienced gains.

Among these, spot silver rose by 2.8 percent, achieving a price of $66.44 per ounce. Meanwhile, platinum saw a gain of 2 percent, with its price reaching $1,783. Palladium also experienced an increase, rising 1.5 percent to $1,332.49.

The fluctuations in precious metal prices are closely watched by investors, particularly in the context of changing economic policies and currency valuations.