Gold Prices Climb Again Following Drop

From the report

After a nearly 3% decline in a single day, gold prices have risen again in the global market. The news agency Reuters reported that concerns over the US Federal Reserve potentially raising interest rates next month, following a higher-than-expected inflation rate in the United States, have impacted the gold market.

On Wednesday (November 11), around 9 AM Bangladesh time, spot gold prices rose by 0.3 percent to stand at $4,043.62 per ounce. The previous day, Tuesday, prices had fallen by almost 3 percent to $4,017.21 per ounce.

Meanwhile, in the United States, gold futures for December delivery increased by 0.5 percent, reaching $4,051.10 per ounce.