Gold rises as the dollar slips amid anticipation of signs on inflation and rates

Gold prices rose for a third consecutive session on Thursday, supported by the dollar’s decline as investors looked to the Jackson Hole Economic Symposium for clues on inflation and the interest rate path from the US Federal Reserve.

Spot gold rose 0.8 percent to $1,764.39 an ounce by 0927 GMT.

And gold futures contracts in the United States increased by 0.9 percent to 1777.60 dollars.

The economic symposium begins on Thursday, with Federal Reserve Chairman Jerome Powell’s speech on Friday in particular. Investors are interested to see if the board will send a clear message that could be a new catalyst for the precious metal.

The dollar index fell 0.5%, making gold less expensive for buyers abroad.

Spot silver rose one percent to $19.35 an ounce, platinum rose 0.6 percent to $882.27, and palladium 0.9 percent to $2052.41.