Gold prices held above the $2,500 mark on Tuesday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve's last policy meeting for further cues on interest rate cuts. Spot gold edged 0.1% higher to $2,505.92 per ounce. Prices had hit an all-time high of $2,509.65 on Friday. US gold futures rose 0.1% to $2,543.90. Spot silver fell 0.3% to $29.39 per ounce, platinum gained 0.3% to $956.41 and palladium shed 0.2% to $930.25. Source: Qatar News Agency
Related Articles
Turkish Central Bank Keeps Interest Rate at 50 Percent
The Turkish Central Bank on Tuesday kept the interest rate fixed at 50 percent on repurchase operations (repo) for a week.
The Monetary Policy Committee of the Turkish Central Bank said in a statement that it decided to keep the interest rate constan…
China Development Bank Steps Up Loan Support for Transport
The China Development Bank has provided loans worth more than 530 billion yuan (about $73.82 billion) to support the transportation sector in China since the beginning of this year.The loans mainly supported a batch of major transport infrastructure p…
Saudi Central Bank Slashes Rates by 50 bps
Saudi Arabia’s Central Bank announced Wednesday it slashed the repurchase agreement (repo) rate by 50 basis points to 5.50 percent, and the reverse repo rate by 50 basis points to 5.00 percent.
A statement from the bank said the move comes in line wi…
