The yellow metal is trading in the middle of the trading session today, Thursday, October 14, and before the opening of the American markets, with an increase of about 0.40%, in a rise for the third consecutive session, and trading at levels of 1800 dollars per ounce for the first time since mid-September, after increases of more than 1.5% or 30 dollars yesterday, benefiting from the The yield on US Treasury bonds and the general index of the US dollar fell.

US inflation data issued by the Bureau of Labor Statistics in the United States of America yesterday, Wednesday, showed an increase of 0.4% in September, after rising by about 0.3% in August, to come better than expectations that indicated its stability at 0.3%, in contrast, the annual index rose over the past 12 months to 5.4% compared to 5.3% in August.

Given the sensitivity of gold to inflation, we can say that the yellow metal finally dealt with the markets’ fears of rising inflation, despite the initial reaction to the statement, which was negative for gold to test the levels of 1757 dollars per ounce, coinciding with the rise in the yield on US bonds and the rise in the US dollar.

The decline in US bond yields after less than two hours of the inflation statement supported the declines of the US dollar and the gains of the yellow metal, as the declines in the yield on bonds reduce the opportunity cost of holding gold without interest.

Silver appeared, and after rising more than 4% yesterday, Wednesday, it is trading at a rise of about 0.93% at levels of $23.28 per ounce.

Palladium is one of the metals that rose the most mid-session today by 3.67%, and it is trading at levels of 2.183 dollars, on the right, platinum is rising by about 1.45%, and it is trading at 1.034 dollars