Gold Prices Edge Higher

Industry

Singapore, Gold prices edged higher on Tuesday, steered by bets that the US Federal Reserve would cut interest rates later this year and the demand for the metal as a safe-haven. Spot gold was up 0.1% at $2,324.75 per ounce, after rising more than 1% in the previous session. US gold futures firmed 0.1% to $2,334.30 per ounce. Spot silver fell 0.4% to $27.34 per ounce, while platinum gained 0.4% to $957.90. Palladium ticked 0.3% higher to $980.75. Source: Qatar News Agency