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 Posts
Bahrain All Share Index closes at 1,981.90 points
Bahrain All Share Index has closed at 1,981.90 points marking an increase of 5.02 points above the previous closing .This increase was due to the rise in the Communications Services Sector and Financials Sector.Bahrain Islamic Index has closed at 771….
Hyundai Motor Group posts robust EV sales in Germany
Seoul, South Korea’s Hyundai Motor Group reported robust electric vehicle sales results in Germany from June to August despite slowing EV demand, a global market research firm said Tuesday.
Hyundai Motor Co. and its smaller affiliate Kia Corp. ranke…
Qatar Tourism Awards Opens Public Voting for Tourism ‘Influencer of the Year’ Award
Doha: Set to take place at the end of this year, the Qatar Tourism (QT) Awards is returning for its second edition, QT said a statement on Monday.
Developed in partnership with UN Tourism, the Qatar Tourism Awards is designed to celebrate and recogni…