Wednesday, September 25, 2024
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Gold continues to hit new record highs

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Gold rose again on Wednesday, supported by a weaker dollar and hopes of further rate cuts, as investors looked for fresh signals on the path to reduction..

During trading, gold in spot transactions rose 0.2 percent to $ 2,661.53 per ounce. The yellow metal had previously recorded an all-time high at $ 2,670.43.

U.S. gold futures rose 0.3 percent to $2,686.10 an ounce..

The dollar fell 0.2 percent, making dollar-denominated bullion cheaper for holders of other currencies..

Among other precious metals, silver fell 0.5 percent to $31.97 an ounce, platinum rose 0.1 percent to $986.85, and palladium lost 0.6 percent to $1,050.04 an ounce..

Gold continues to hit new record highs
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