2024-02-22T06:33:45+00:00
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/ Gold prices rose on Thursday, supported by the weakness of the dollar and escalating tensions in the Middle East, while investors are awaiting more US economic data that may provide clues on the Federal Reserve’s next steps for interest rates.
Spot gold was up 0.1 percent at $2,026.7 an ounce by 0328 GMT, after hitting its highest since Feb. 9 on Wednesday. U.S. gold futures were up 0.1 percent at $2,036.9 an ounce.
The dollar index extended losses for a fourth straight day, making the US-denominated metal more attractive to overseas buyers.
As for other precious metals, platinum rose 0.3 percent in spot transactions to $885.30 an ounce, palladium rose 0.6 percent to $955.63, while silver rose 0.1 percent to $22.89 an ounce.