Gold prices rose on Thursday, staying close to record levels, supported by expectations that major central banks will decide on further interest rate cuts. Investors are also awaiting a series of U.S. economic data to gain more insights into market trends.
Spot gold increased by 0.3% to reach $2,682.14 per ounce.
On Wednesday, prices had reached $2,685.16, just slightly below the record level of $2,685.42 set on September 26. U.S. gold futures also rose by 0.2% to $2,697.40 per ounce. As for other precious metals, silver in spot transactions increased by 0.4% to $31.79 per ounce, platinum gained 1.2% to reach $1,005.00, and palladium rose by 0.5% to $1,028.72.
