Gold prices shine on US rate-cut optimism

BNA | Singapore The Daily Tribune - www.newsofbahrain.com Gold prices rose on Thursday, hovering near a record high scaled in the previous session, as rising anticipation of a U.S. interest rate cut in September lifted demand for non-yielding bullion. Spot gold was up 0.5% at $2,

Editorial Team Legacy

Published 18 July 2024, 8:00 · Updated 22:15

Link copied

Gold prices shine on US rate-cut optimism

BNA | Singapore

The Daily Tribune - www.newsofbahrain.com

Gold prices rose on Thursday, hovering near a record high scaled in the previous session, as rising anticipation of a U.S. interest rate cut in September lifted demand for non-yielding bullion.

Spot gold was up 0.5% at $2,470.62 per ounce, as of 0641 GMT. Prices hit an all-time high of $2,483.60 on Wednesday. U.S. gold futures also climbed 0.5% to $2,473.10, Reuters reported.

Spot silver rose 0.6% to $30.49 per ounce, platinum firmed 0.4% at $998.50 and palladium gained 0.8% to $959.56.

Gold prices shine on US rate-cut optimism

Editorial Team Legacy

Share your reaction!

Comments