Gold Prices Rise 0.4%

Gold prices extended gains on Thursday after the Federal Reserve signaled a potential end to its monetary tightening cycle could be on the horizon.

Spot gold was up 0.4% at $1,976.80 per ounce, as of 0910 GMT. US gold futures gained 1.5% to $1,979.20.

The dollar fell 0.2%, making gold more attractive for overseas buyers.

Meanwhile, silver fell in the spot market 0.8% to $22.85 per ounce, while platinum rose 1.1% to $988.23, and palladium rose 0.9% to $1464.01.

Source: Qatar News Agency