[Thu, 08 Aug 2024 20:17:17 +0300]

SINGAPORE August 08. 2024 (Saba) - Gold prices rose on Thursday amid optimism about cut in US interest rates, as traders await economic data for indications about the path that the Federal Reserve (US central bank) will follow.

Spot safe-haven rose 0.3 percent to $2,389.42 an ounce, while U.S. gold futures fell 0.2 percent to $2,428.40. Among other precious metals, silver rose about 1 percent to $26.84 an ounce, platinum rose 0.1 percent to $920.40, while palladium gained 1.2 percent to $892.75.

Z.E

Facebook

Whatsapp

Telegram

Email

Print

more of (Economy)

U.S. economy contracts in Q1 amid rising imports European stocks close higher Russia: Free trade agreement between Moscow, Tehran to enter into force next month Iraq prepares to launch global investment forum in early June European Union is considering reducing its purchases of American weapons Gold rebounds on buying despite hopes for U.S-China trade deal IMF: US recession risks increase EU Plans Roadmap to Abandon Russian Energy Resources Gold prices deepen losses, dropping below $3,300 per ounce Muscat Stock Exchange Index closes lower