dijlahpoint - Gold prices recorded notable gains supported by a weaker US dollar and lower oil prices, as markets await crucial US inflation data to gauge the future monetary policy direction of the Federal Reserve. Spot gold rose by 0.3% to $4,206.01 per ounce, touching its highest level since the beginning of the month, while US gold futures for December delivery increased by 0.3% to $4,230.40 per ounce. This upward movement was driven by the depreciation of the US dollar, making the precious metal more attractive to holders of other currencies, alongside declining oil prices. Meanwhile, investors are closely monitoring upcoming consumer and producer price index releases to assess their impact on future interest rate decisions across global markets.