Gold jumps over two percent on weaker dollar
Gold prices rebounded more than two percent from a six-week low. The rally was driven by a weaker US dollar and falling oil prices. Investors also assessed recent Federal Reserve rate decisions.
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Gold gained 2.3% to $4,360.36 per ounce on Thursday afternoon, rebounding from a six-week low as energy prices eased. The recovery was driven by a softer United States dollar and lower crude oil prices that reduced inflationary pressures. Investors weighed the latest FOMC rate decision and shifting monetary policy expectations.
