Gold prices rose slightly, supported by a weakening dollar amid growing expectations of a U.S. interest rate cut next month. Meanwhile, traders are awaiting U.S. President Donald Trump’s nominations for the Federal Reserve Board of Governors.
Spot gold rose by 0.1 percent to $3372.97 per ounce. U.S. gold futures rose 0.3 percent to $3442.20 per ounce.
As for other precious metals, silver remained stable in spot trading at $37.83 per ounce, platinum increased by 0.2 percent to $1336.74, and palladium rose by 0.7 percent to $1139.98.
Source (Al Arabiya.Net Website, Edited)
