Gold prices reach $4152 per troy ounce

Cheaper oil reduces inflationary pressure, which benefits gold. The precious metal remains of interest to investors seeking to preserve their assets.

The market awaits the U.S. Federal Reserve's decision on interest rates and fresh inflation data. Analysts believe the American regulator will not change the rate. Further price movements will be determined by inflation levels and the labor market situation.

Silver is currently trading at around $57 per ounce, while platinum is priced at $1,646.