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Gold prices climb on hopes of US interest rate cut

Gold prices inched higher today, buoyed by growing expectations of a U.S. interest rate cut this month.

TAS News Service

info@thearabianstories.com

Tuesday, December 3, 2024

Muscat: As investors shifted focus to upcoming economic data for clues on the Federal Reserve’s monetary policy, spot gold rose 0.1% to $2,642.42 per ounce, recovering from a 1% decline on Monday, and U.S. gold futures climbed 0.3% to $2,665.30.

Silver mirrored the uptick, gaining 0.3% to $30.60 per ounce in spot transactions. Meanwhile, platinum remained steady at $946.60, and palladium advanced 0.5% to $985.86.

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