[Tue, 20 Aug 2024 13:19:18 +0300]

WASHINGTON August 20. 2024 (Saba) - Gold prices held above $2,500 on Tuesday, supported by a weaker U.S. currency and Treasury yields, while traders awaited the minutes of the Federal Reserve's latest policy meeting for further indications on interest rate cuts.

Spot gold rose 0.1 percent to $2,505.92 an ounce, Reuters reported, after hitting an all-time high of $2,509.65 on Friday.

U.S. gold futures rose 0.1 percent to $2,543.90.

The dollar fell to a seven-month low in the previous session, making gold more attractive to overseas buyers, and benchmark 10-year Treasury yields also eased.

In other metals, spot silver fell 0.3 percent to $29.39 an ounce, platinum rose 0.3 percent to $956.41 and palladium fell 0.2 percent to $930.25.

J.A

Facebook

Whatsapp

Telegram

Email

Print

more of (Economy)

Russia: Free trade agreement between Moscow, Tehran to enter into force next month Iraq prepares to launch global investment forum in early June European Union is considering reducing its purchases of American weapons IMF: US recession risks increase Gold rebounds on buying despite hopes for U.S-China trade deal EU Plans Roadmap to Abandon Russian Energy Resources Gold prices deepen losses, dropping below $3,300 per ounce Muscat Stock Exchange Index closes lower Kuwait stock exchange ends trading in red Sharp Rise in Heating Costs for Gas Consumers in Germany