Gold contracts win $10

Capitals May 4 Gold prices rose during today’s trading, and contracts gained more than $10 after the US Federal Reserve raised interest rates yesterday by 25 basis points, which indicated that it may refrain from further hikes in its upcoming meetings.

And by 10:41 am Emirates time, the yellow metal rose by 0.02%, or the equivalent of $ 0.3, to reach $ 2037 an ounce.

Gold contracts for June 2023 delivery increased by 0.46%, or the equivalent of $10.1, to reach $2046.1 an ounce.