Gold prices rose to new records, today (Thursday), and are heading to record their seventh consecutive daily rise, amid weak US economic data and indications from Federal Reserve Chairman Jerome Powell on possible interest rate cuts in the coming months if inflation subsides. The precious metal rose in spot transactions 0.5 percent to $2,159.79 an ounce, after hitting an all-time high of $2,161.09 earlier in the session. U.S. gold futures rose 0.4 percent to $2,167.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
