Gold Prices Rise as Investors Focus on US Data

Gold prices rose on Wednesday as market participants awaited more US economic data to determine the number of rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.3% to $2,667.97 per ounce, and was $17 shy of a record high hit last month. US gold futures gained 0.2% to $2,683.80. Spot silver firmed 0.3% to $31.56. Platinum rose 0.6% to $990.49 and palladium climbed 0.2% to $1,011.47. Source: Qatar News Agency