Gold prices rose on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. However, gains were limited by the U.S. Federal Reserve's cautious stance on future interest rate cuts.
According to Bloomberg News, spot gold increased by 0.2% to reach $3,376.48 per ounce, while U.S. gold futures dropped by 0.4% to $3,393.70 per ounce.
As for other precious metals:
Silver slipped 0.2% in spot trading to $36.66 per ounce.
Platinum rose 1.5% to $1,342.36 per ounce.
Palladium increased 0.6% to $1,055.18 per ounce.
— (Petra)
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Gold prices rose on Thursday as escalating tensions in the Middle East boosted demand for safe-haven assets. However, gains were limited by the U.S. Federal Reserve's cautious stance on future interest rate cuts.
According to Bloomberg News, spot gold increased by 0.2% to reach $3,376.48 per ounce, while U.S. gold futures dropped by 0.4% to $3,393.70 per ounce.
As for other precious metals:
Silver slipped 0.2% in spot trading to $36.66 per ounce.
Platinum rose 1.5% to $1,342.36 per ounce.
Palladium increased 0.6% to $1,055.18 per ounce.
— (Petra)
