Gold Prices Keep Momentum Amid US Rate-cut Optimism

Singapore, 18 Jul (ONA) --- Gold prices rose today, trading not too far away from a record high scaled in the previous session, as a result of rising anticipation of a US interest rate cut in September.

Spot gold rose 0.1% to $2,461.27 per ounce. Prices hit an all-time high of $2,483.60 on Wednesday.

US gold futures increased by 0.2% to $2,465.

Low interest rates increase the attractiveness of gold, which does not generate a return.

As for other precious metals, spot silver rose by 0.2% to $30.35 per ounce, platinum settled at $994.81, and palladium increased by 0.4% to $955.77.

--- Ends/AG