Singapore, Gold prices touched a record high on Monday after data showed that US inflation moderated in February, boosting bets for the Federal Reserve's June interest rate cut. Spot gold rose 1% at $2,255.39 per ounce while US gold futures gained 1.7% to $2,275.70 per ounce. The dollar was down 0.1% against its rivals, making gold more appealing for other currency holders. Spot silver rose 1% to $25.22 per ounce, platinum was up 0.6% to $913.85 and palladium gained 0.3% to $1018.22. Source: Qatar News Agency
Related Articles
Promoting transparency, governance of investment firms boost investors’ trust – UIC
Boosting transparency and governance of investment companies will boost confidence amongst investors because it contributes to more stable and lucrative investment environment, Union of Investment Companies (UIC) Chairman said Wednesday.
Abdullah Al-…
Arab ministers call for urgent help to Palestinian families
The Arab Ministers of Finance and Economy called on Thursday to offer urgent assistance to the families impacted by Israeli aggression in the Gaza Strip and the West Bank, and to implement the emergency response plan submitted by Palestine to address…
Oil Prices Rise in Monday’s Trade
Oil prices extended gains on Monday, with Brent crude rising 10 cents, or 0.1%, to $84.08 a barrel, its highest since May 10.
US West Texas Intermediate (WTI) crude edged down 5 cents to $80.01 a barrel, after hitting the highest since May 1.
The Ju…