Gold Rises on Weaker Dollar Support

Gold Gold rose on Wednesday after a three‑day decline, finding support from a weaker dollar and higher oil prices.
Dollar Index The Dollar Spot Index fell 0.1% on its third trading day, making gold cheaper for many buyers.
The dollar‑measuring gauge slipped about 0.4% this week, further backing the gold market.
Middle East Tensions Renewed attacks on ships in the Middle East have heightened inflation concerns, but the weakening dollar has helped offset that pressure.
forces destroyed five oil tankers near Iran’s Hark Island in response to a missile attack on an American warship, raising fears of a broader conflict.
Oil Prices Brent crude prices approached $100 per barrel, a rise that strengthens expectations of a rate hike at the Fed meeting scheduled for September 14‑15.
Fed Meeting Inflation data will be released this week, offering new clues about the future path of U.S.
monetary policy.
Turkey Market In Turkey, the gold market continues to attract investors as the dollar weakens.