Gold prices settled on Thursday to hover near record highs, amid expectations of another major cut in U.S. interest rates this year, although gains were limited ahead of comments from key Federal Reserve policymakers later in the day.
Spot gold rose 0.2 percent to $2,661.25 an ounce. Gold hit an all-time high of$2,670.43 on Wednesday. U.S. gold futures settled at $2,684.50.
The yellow metal has risen about 29 percent so far in 2024 and has hit record highs several times this year, largely due to major central banks easing monetary policy and geopolitical concerns.
Source (Al-Arabiya.net Website, Edited)
