[Thu, 29 Aug 2024 17:53:21 +0300]

SINGAPORE August 29. 2024 (Saba) - Gold prices rose on Thursday, supported by a weaker dollar and hopes for a cut in US interest rates, while focus shifted to key US inflation data.

Spot gold rose 0.5 percent to $2,513.77 per ounce. US gold futures rose 0.4 percent to $2,546.80.

The yellow metal rose to an all-time high of $2,531.60 on August 20, and has gained 22 percent so far this year. As for other precious metals, spot silver rose 0.91 percent to $29.38 per ounce. Platinum rose 0.5 percent to $934.52. Palladium gained 0.3 percent to $948.95.

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