Gold prices reached an all-time high on Tuesday, ahead of the expected launch of a cycle of monetary easing in the United States that may be initiated by the Federal Reserve (US central bank) with a significant cut in interest rates.
Spot gold settled at $2,581.68 an ounce. The precious metal hit an all-time high of $2,589.59 on Monday. U.S. gold futures settled at $2,608.60.
Among other precious metals, spot silver rose 0.1 percent to $30.79 an ounce and platinum gained 0.6 percent to $986.90. Palladium gained 1 percent to $1,087.09 after hitting its highest level since April 11 earlier in the session.
Source (Al-Arabiya.net Website, Edited)
