New York, SANA-Gold prices rose on Thursday amid continued escalation in the Middle East and growing demand for safe-haven assets. However, gains were tempered by the U.S. Federal Reserve’s cautious stance on potential interest rate cuts.
According to Bloomberg, spot gold increased by 0.2% to reach $3,376.48 per ounce, while U.S. gold futures fell by 0.4% to $3,393.70 per ounce.
As for other precious metals, silver declined by 0.2% in spot trading to $36.66 per ounce. Platinum rose 1.5% to $1,342.36, while palladium gained 0.6% to reach $1,055.18.
Nisreen Othman / Manar Salameh
