Gold prices climb over 1%

TDT | Manama
Email : editor@newsofbahrain.com

Spot gold prices jumped 1.5% to $3,129.33 an ounce as of 0514 GMT, according to Reuters, continuing the precious metal’s strong upward momentum. This follows a standout performance in the previous session, when bullion saw its best single-day gain since October 2023.

U.S. gold futures also saw a notable increase, rising 2.2% to $3,145.80.

In the broader precious metals market, spot silver rose 0.6% to $31.21 an ounce. Meanwhile, platinum slipped 0.3% to $935.54, and palladium fell 1% to $922.00.

The surge in gold comes amid heightened investor interest in safe-haven assets, reflecting broader economic uncertainties and market volatility.