Gold prices rise as oil decline eases inflation concerns
Gold prices rise as oil decline eases inflation concerns
March 11, 2026 / 9:58 AM
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Sharjah24 - WAM: Gold prices increased in spot trading on Wednesday morning after a decline in oil prices helped ease inflation concerns. Investors are also awaiting a series of US economic data releases later this week to gauge the future policy direction of the Federal Reserve.
Gold rose by 4% to $5,213.99 per ounce. Meanwhile, spot silver climbed 6% to $88.89, while platinum gained 1% to $2,221.48. Palladium also advanced 1.5%, reaching $1,679.73.
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