Gold prices rise as demand grows
The Peninsula
Singapore: Goldprices rose on Thursday amid growing demand for safe haven assets, but the Federal Reserve s cautious stance on interest rate cuts limi...
Singapore: Gold prices rose on Thursday amid growing demand for safe-haven assets, but the Federal Reserve's cautious stance on interest rate cuts limited the precious metal's gains. Spot gold was up 0.2% at $3,376.48 an ounce. US gold futures eased 0.4% to $3,393.70. Spot silver eased 0.2% to $36.66 per ounce, platinum rose 1.5% to $1,342.36, while palladium gained 0.6% to $1,055.18.
On Wednesday, the Federal Reserve decided to keep interest rates unchanged at a range of 4.25-4.5%.
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