Singapore - Saba:
Gold prices rose on Thursday after escalating tensions in the Middle East boosted demand for safe-haven assets, while US inflation data supported expectations of a Federal Reserve interest rate cut.
According to Bloomberg, spot gold rose 0.3% to $3,364.10 per ounce, while US gold futures rose 1.2% to $3,384.40.
Among other precious metals, spot silver rose 0.3% to $36.32 per ounce, while platinum rose 0.8% to $1,265.32, remaining near its highest level in more than four years. Palladium fell 1% to $1,069.65.
Gold prices rose on Thursday after escalating tensions in the Middle East boosted demand for safe-haven assets, while US inflation data supported expectations of a Federal Reserve interest rate cut.
According to Bloomberg, spot gold rose 0.3% to $3,364.10 per ounce, while US gold futures rose 1.2% to $3,384.40.
Among other precious metals, spot silver rose 0.3% to $36.32 per ounce, while platinum rose 0.8% to $1,265.32, remaining near its highest level in more than four years. Palladium fell 1% to $1,069.65.