Singapore, Gold prices drifted higher on Monday from a two-week low hit in the previous session as traders gauged fading hopes of US interest rate cuts ahead of a key inflation report due later this week. Spot gold was up 0.4% at $2,342.73 per ounce, having touched its lowest since May 9 at $2,325.19 on Friday. US gold futures also climbed 0.4% to $2,343.60. Bullion hit a record high of $2,449.89 earlier last week, but has shed more than $100 since then. Spot silver rose 1.6% to $30.83, platinum climbed 1.4% to $1,040.25 and palladium gained 1.4% to $976.72. Source: Qatar News Agency
Related Articles
CBK: Standard and Poor’s confirms Kuwait’s sovereign rating at A+ with stable outlook
The Central Bank of Kuwait (CBK) said Friday that the international rating agency of Standard and Poor’s confirmed the sovereign rating of Kuwait at A+, with a stable future outlook due to a huge stock of government financial assets support estimated…
Oil Prices Rise in Early Trading
Oil prices rose in early trading on Thursday, recovering some of the previous day’s loss, on hopes of potential US interest rate cuts boosting economic activity and fuel demand.
Brent crude futures climbed 17 cents, or 0.2%, to $79.93 a barrel. US We…
Visit Qatar Launches Package of Summer Events, Eid Al-Adha Activities
Doha: Visit Qatar has unveiled the latest summer edition of its tourism guide, Qatar Calendar. From June to August, residents and visitors can experience three months of fun-filled events, exciting promotions, and captivating musical concerts during E…