London - Saba:
Gold prices rose today, extending gains after the Federal Reserve cut interest rates by a quarter of percentage point yesterday.
Reuters reported that gold rose in spot transactions 0.1 percent to $ 2708.89 an ounce, but has fallen about one percent since the beginning of the week.
Gold futures in the United States increased 0.4 percent to $ 2716.4 and at the end of the two-day monetary policy meeting, the US central bank yesterday cut the overnight interest rate to a range of 4.50-4.75 percent.
As for other precious metals, silver in spot transactions fell 0.1 percent to $ 31.98 an ounce, while platinum rose 0.3 percent to $ 1000.35 and palladium settled at $ 1024.40.
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