New York: SiltaNews – News Desk
Gold prices rose on Tuesday to their highest level in a week, following remarks by officials at the US Federal Reserve that strengthened expectations of an interest rate cut. Spot gold climbed 0.4% to $4,465.32 per ounce, after jumping nearly 3% in the previous session.
US gold futures for February delivery rose 0.3% to $4,465.70 per ounce. Among other precious metals, spot silver advanced 2.9% to $78.72 per ounce, after reaching a record high of $83.62 on 29th December. Spot platinum gained 2.5% to $2,327.17 per ounce, after climbing to an all-time high of $2,478.50 last Monday. Palladium prices increased 0.8% to $1,721.74 per ounce.