London - Saba:
Gold prices are heading for their best performance in a year today, supported by safe-haven demand, while investors are awaiting signs of US interest rate cuts.
Reuters reported that gold rose in spot transactions 0.7 percent to $ 2688.70 an ounce.
Gold has gained about five percent on a weekly basis so far, its best performance since early October 2023.
US gold futures rose 0.6 percent to $2691 an ounce.
As for other precious metals, silver in spot transactions increased 0.6 percent to $ 30.97 an ounce, platinum rose by the same percentage to $ 966.14, while palladium rose 1.1 percent to $ 1040.58 an ounce, and the three precious metals are heading for weekly gains.
Gold prices are heading for their best performance in a year today, supported by safe-haven demand, while investors are awaiting signs of US interest rate cuts.
Reuters reported that gold rose in spot transactions 0.7 percent to $ 2688.70 an ounce.
Gold has gained about five percent on a weekly basis so far, its best performance since early October 2023.
US gold futures rose 0.6 percent to $2691 an ounce.
As for other precious metals, silver in spot transactions increased 0.6 percent to $ 30.97 an ounce, platinum rose by the same percentage to $ 966.14, while palladium rose 1.1 percent to $ 1040.58 an ounce, and the three precious metals are heading for weekly gains.