Gold rises over 1% as dollar softens, oil rally eases
Spot gold was up 1.2% at $4,312.05/oz at 0848 GMT after the dollar softened and easing oil prices supported the move as traders reassessed the Fed’s latest rate hike and outlook for further tightening.
Gold gained more than 1% on Thursday, supported by a softer dollar and easing oil prices, as investors weighed the Federal Reserve's latest rate hike and the outlook for more policy tightening. 05 per ounce as of 0848 GMT, after reaching an earlier high.