Gold trades in tight range as investors focus on US data

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Home Business Gold trades in tight range as investors focus on US data 16-10-2024 09:57 AM Ammon News - Gold traded in a tight range on Wednesday as market participants awaited more U.S. economic data to determine the number of rate cuts the Federal Reserve is likely to deliver in the near term. Spot gold rose 0.2% to $2,667.01 per ounce by 0511 GMT and was $18 shy of a record high hit last month. U.S. gold futures gained 0.2% to $2,683.50. Spot silver firmed 0.5% to $31.63. Platinum rose 1.2% to $996.20 and palladium climbed 0.4% to $1,013.01. Reuters

Home Business

Gold trades in tight range as investors focus on US data

16-10-2024 09:57 AM

Ammon News - Gold traded in a tight range on Wednesday as market participants awaited more U.S. economic data to determine the number of rate cuts the Federal Reserve is likely to deliver in the near term.

Spot gold rose 0.2% to $2,667.01 per ounce by 0511 GMT and was $18 shy of a record high hit last month. U.S. gold futures gained 0.2% to $2,683.50.

Spot silver firmed 0.5% to $31.63. Platinum rose 1.2% to $996.20 and palladium climbed 0.4% to $1,013.01.

Reuters

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