Gold Prices Steady after Fed Policymakers Back Rate Cuts

General

Gold prices held their ground on Tuesday, after hitting an all-time high in the previous session, following comments by US Federal Reserve officials that backed additional interest rate cuts in the future.

Spot gold was steady near $2,625.52 per ounce. Bullion hit a record high of $2,635.29 on Monday.

US gold futures edged 0.1% lower to $2,650.30.

Spot silver was steady at $30.66 per ounce, platinum rose 0.4% to $960.40 and palladium shed 0.6% to $1,035.25.

Source: Qatar News Agency