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18 April 2024

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Gold edges up but hovers near three-week lows

20-08-2025 11:59 AM


Ammon News - Gold ticked up on Wednesday but hovered near three-week lows, as investors looked towards the Federal Reserve's July meeting minutes and the Jackson Hole, Wyoming symposium of central bankers this week for cues on further rate cuts.

Spot gold was up 0.2% at $3,321.33 per ounce, as of 0832 GMT, after reaching its lowest level since August 1.

U.S. gold futures for December delivery rose 0.2% to $3,364.20.

The U.S. dollar index was steady after climbing to a more than one-week high earlier in the session, making gold more expensive for other currency holders.

Elsewhere, spot silver fell 1% to $36.98 per ounce, platinum gained 0.4% to $1,311.05 and palladium was down 0.8% at $1,105.98. Reuters




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