SINGAPORE - SABA :
Gold prices rose during trading on Thursday, after inflation data in the United States boosted expectations that the US central bank will cut interest rates next week.
According to Reuters, the price of gold in spot transactions rose 0.4 percent to $ 2521.29 an ounce, while US gold futures rose 0.3 percent to $ 2548.90.
In terms of other precious metals, silver in spot transactions increased 0.4 percent to $28.81 per ounce, platinum rose 0.8 percent to $958.59, and palladium climbed 1.5 percent to $1,023.12, its highest level since July 8.
Gold prices rose during trading on Thursday, after inflation data in the United States boosted expectations that the US central bank will cut interest rates next week.
According to Reuters, the price of gold in spot transactions rose 0.4 percent to $ 2521.29 an ounce, while US gold futures rose 0.3 percent to $ 2548.90.
In terms of other precious metals, silver in spot transactions increased 0.4 percent to $28.81 per ounce, platinum rose 0.8 percent to $958.59, and palladium climbed 1.5 percent to $1,023.12, its highest level since July 8.