Dhaka:Spot gold climbed 0.3 percent to $4,206.01 per ounce, reaching its highest level since October 2 earlier today. US gold futures for December delivery also rose 0.3 percent to $4,230.40.
According to Oman News Agency, investors are closely monitoring the upcoming US inflation data, with the Consumer Price Index (CPI) report expected on Wednesday, followed by the Producer Price Index (PPI) and retail sales data on Thursday. These reports are anticipated to provide insight into the Federal Reserve's next monetary policy decision.
The CME's FedWatch tool indicates that traders currently assess a 17 percent chance of a rate hike in October, with an 86 percent likelihood of an increase by next December.
In the broader precious metals market, spot silver increased by 0.5 percent to $61.12 per ounce. Platinum saw a one percent rise to $1,704.70, and palladium advanced 1.2 percent to $1,161.81.
