Gold hits one-week high amid rate-cut expectations
Gold prices rose on Tuesday to their highest level in a week, following remarks by officials at the US Federal Reserve that strengthened expectations of an interest rate cut.Spot gold climbed 0.4 per cent to $4,465.32 per ounce, after jumping nearly 3 percent in the previous session.US gold futures for February delivery rose 0.3 per cent to $4,465.70 per ounce.Among other precious metals, spot silver advanced 2.9 percent to $78.72 per ounce, after reaching a record high of $83.62 on 29th December.Spot platinum gained 2.5 per cent to $2,327.17 per ounce, after climbing to an all-time high of $2,478.50 last Monday.Palladium prices increased 0.8 percent to $1,721.74 per ounce.WAM
Gold prices rose on Tuesday to their highest level in a week, following remarks by officials at the US Federal Reserve that strengthened expectations of an interest rate cut.Spot gold climbed 0.4 per cent to $4,465.32 per ounce, after jumping nearly 3 percent in the previous session.US gold futures for February delivery rose 0.3 per cent to $4,465.70 per ounce.Among other precious metals, spot silver advanced 2.9 percent to $78.72 per ounce, after reaching a record high of $83.62 on 29th December.Spot platinum gained 2.5 per cent to $2,327.17 per ounce, after climbing to an all-time high of $2,478.50 last Monday.Palladium prices increased 0.8 percent to $1,721.74 per ounce.WAM
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