US Gold Rates Today: Prices on September 27, 2022

US Gold Rates Today: Prices on September 27, 2022

Gold prices jumped 1% on September 27 after a slip in the dollar.

Expectations of additional interest rate hikes by the US Federal Reserve kept the precious metal closer to a 2-1/2-year trough.

Spot gold rose 1.1% to $1,639.94 per ounce.

US gold futures gained 0.9% to $1,647.70.

Experts believe gold is gradually losing its significance as a safe-haven asset.

Gold prices have declined 20% since a major rise around the $2,000 level in March.

Spot silver jumped 2% to $18.70 per ounce while platinum was up 0.9% to $860.00.

Palladium rose 0.7% to $2,060.01.