Gold prices rebound as the US dollar bounces back from a 3-month high. Should you buy?
Gold price today: Following the US dollar’s weakness following the release of US labor data showing slower wage growth, gold prices rallied strongly over the weekend session. Gold futures contract for April 2023 on Multi Commodity Exchange (MCX) won €829 per 10 grams and ended at €56,130 levels on Friday. In the international spot market, gold rose more than 2 percent on Friday to close at about $1,867 an ounce.
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Joanna Swanson is Europe correspondent at the Thomson Reuters Foundation based in Brussels covering politics, culture, business, climate change, society, economies and inclusive tech. With specific focus in breaking news, she has covered some of the world's most significant stories.