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Rise In Gold Prices Amid Expectations Of US Rate Cut
(MENAFN- The Peninsula)
QNA
Singapore: Gold prices climbed on Monday, lifted by growing expectations that the US Federal Reserve will cut interest rates next month and by a weaker US dollar.
Spot gold rose 0.4 percent to $4,081.52 an ounce, while U.S. gold futures for December delivery were little changed at $4,079.30 an ounce.
Among other precious metals, spot silver gained 0.5 percent to $50.24 an ounce. Platinum rose 1.1 percent to $1,528.01, and palladium added 0.8 percent to $1,385.85 an ounce.
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