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18 April 2024

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Gold regains ground on softer US dollar, yields

15-08-2024 11:00 AM


Ammon News - Gold prices gained on Thursday, helped by a weaker U.S. dollar and Treasury yields, as investors waited for more U.S. data to gauge the outlook for interest rates after a key inflation report dampened hopes for a larger cut in September.

Spot gold was up 0.2% at $2,452.69 per ounce, as of 0547 GMT, after prices fell the most since Aug. 6 on Wednesday.

U.S. gold futures were up 0.4% at $2,490.10.

Among other metals, spot silver gained 0.4% to $27.7 per ounce, platinum rose 1.1% to $930.00 and palladium fell 0.6% to $929.75.

Reuters




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