[Thu, 08 Aug 2024 20:17:17 +0300]

SINGAPORE August 08. 2024 (Saba) - Gold prices rose on Thursday amid optimism about cut in US interest rates, as traders await economic data for indications about the path that the Federal Reserve (US central bank) will follow.

Spot safe-haven rose 0.3 percent to $2,389.42 an ounce, while U.S. gold futures fell 0.2 percent to $2,428.40. Among other precious metals, silver rose about 1 percent to $26.84 an ounce, platinum rose 0.1 percent to $920.40, while palladium gained 1.2 percent to $892.75.

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