WASHINGTON August 20. 2024 (Saba) – Gold prices held above $2,500 on Tuesday, supported by a weaker U.S. currency and Treasury yields, while traders awaited the minutes of the Federal Reserve’s latest policy meeting for further indications on interest rate cuts.
Spot gold rose 0.1 percent to $2,505.92 an ounce, Reuters reported, after hitting an all-time high of $2,509.65 on Friday.
U.S. gold futures rose 0.1 percent to $2,543.90.
The dollar fell to a seven-month low in the previous session, making gold more attractive to overseas buyers, and benchmark 10-year Treasury yields also eased.
In other metals, spot silver fell 0.3 percent to $29.39 an ounce, platinum rose 0.3 percent to $956.41 and palladium fell 0.2 percent to $930.25.
J.A
resource : SABA
