Gold Holds Above $2,500 Awaiting US Inflation Data

  • International
  • 29 August 2024
1

Gold prices rose on Thursday, supported by a weaker dollar and hopes for a U.S. interest rate cut, while the focus shifted to key U.S. inflation data.

Spot gold rose 0.5 percent to $2,513.77 an ounce. The yellow metal hit an all-time high of $2,531.60 on Aug. 20 and has gained 22 percent so far this year. U.S. gold futures rose 0.4 percent to $2,546.80.

Source (Al-Khaleej Emirati Newspaper, Edited)

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