The price of gold may rise to $4,400 per ounce. Reuters Gold prices may continue to rise due to the weakening of the dollar, lower US government bond yields and reduced inflation risks. According to analyst Lin Tran, if favorable conditions continue, the metal could rise first to $4,200 and then to $4,400 per ounce, Reuters reports. One of the supporting factors was the drop in oil prices after the mid-term elections in the United States. Cheap energy eases inflationary pressures and reduces the need to maintain high interest rates. This benefits gold, which does not generate interest income. However, further growth will depend on US economic statistics. Strong employment data may support the dollar and bond yields, putting pressure on gold. Weak indicators, on the contrary, can increase expectations for a Fed rate cut and push quotes higher.

The price of gold may rise to $4,400 per ounce. Reuters Gold prices may continue to rise due to the weakening of the dollar, lower US government bond yields and reduced inflation risks. According to analyst Lin Tran, if favorable conditions continue, the metal could rise first to $4,200 and then to $4,400 per ounce, Reuters reports. One of the supporting factors was the drop in oil prices after the mid-term elections in the United States. Cheap energy eases inflationary pressures and reduces the need to maintain high interest rates. This benefits gold, which does not generate interest income. However, further growth will depend on US economic statistics. Strong employment data may support the dollar and bond yields, putting pressure on gold. Weak indicators, on the contrary, can increase expectations for a Fed rate cut and push quotes higher.