Gold prices rise to weekly high ahead of expected rate cut
SPDR Gold holdings rose 0.5% on Wednesday; silver and platinum are both marginally higher, with palladium hitting a more than six-week high
13 June 2019 - 15:04
Bengaluru — Gold prices rose to a week high on Thursday, supported by expectations of an interest rate cut by the US Federal Reserve following soft inflation data, which also weighed on the dollar.
Spot gold was up 0.3% at $1,336.56 an ounce at 11.46am GMT, having touched its highest since June 7 at $1,338.87 earlier in the session. US gold futures were also 0.3% higher at $1,340.3 an ounce...
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