Gold is rising as bets increase on halting interest rate hikes


Gold prices rose for the third consecutive session today, as lower-than-expected US inflation data reinforced bets that the Federal Reserve (the US central bank) may raise interest rates again next month and then halt the increases.
And gold in instant transactions rose 0.1% to 2016.99 dollars an ounce. US gold futures rose 0.3% to $2,030.70.
As for other precious metals, silver increased in spot transactions by 0.1% to $25.50 an ounce, platinum settled at $1015.06, and palladium rose 0.3% to $1464.16.


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