Gold prices remain steady above $2,500
The Peninsula
Singapore: Gold prices held above the $2,500 mark yesterday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Fe...
Singapore: Gold prices held above the $2,500 mark yesterday, buoyed by a weaker US dollar and Treasury yields, while traders awaited minutes of the Federal Reserve’s last policy meeting for further cues on interest rate cuts.
Spot gold edged 0.1% higher to $2,505.92 per ounce. Prices had hit an all-time high of $2,509.65 on Friday.
US gold futures rose 0.1% to $2,543.90.
Spot silver fell 0.3% to $29.39 per ounce, platinum gained 0.3% to $956.41 and palladium shed 0.2% to $930.25.
Gold broke to a fresh record, a third successive day of new peaks -- on Fed rate cut bets that would make the yellow metal more attractive to investors.
