Gold climbs 1.6% to $4,125 as weaker dollar, oil slide boost demand
Gold prices continued their upward momentum on Thursday, reaching their highest level in more than two weeks. Spot gold climbed 1.6% to $4,125.82 per ounce, marking its strongest point since October 22, as the US dollar softened, Treasury yields fell, and oil prices declined. The latest rally followed a 3.4% surge on Wednesday, which marked gold’s largest single-day increase since August 19. This rebound arrived after several weeks of subdued performance in bullion markets.