Gold prices continued to rise on Thursday after the Federal Reserve (US central bank) hinted at the end of the monetary tightening cycle with the trend to reduce borrowing costs in 2024, which led to the fall of the dollar and Treasury yields.
Spot gold rose 0.3 percent to $2,032.07 an ounce after rising 2.4 percent on Wednesday. U.S. gold futures jumped 2.5 percent to $2,046.80.
Among other precious metals, spot silver rose 0.4 percent to $23.83 an ounce, platinum gained 0.3 percent to $937.25, and palladium rose 0.2 percent to $994.82.
Source (Al-Arabiya.net Website, Edited)
