By Sherin Elizabeth Varghese (Reuters) – Gold prices climbed on Friday to hit a historic peak as central bank purchases amid geopolitical tensions sustained the momentum for the yellow metal, while strong U.S. economic data failed to dampen bullion’s allure. Spot gold was up 0.5% at $2,384.34 per ounce, as of 0345 GMT. Bullion hit […]
By Kavya Balaraman and Anjana Anil (Reuters) – Gold prices hit a record high on Thursday, and logged their best month in over three years, propelled by U.S. interest rate cut expectations and strong safe-haven demand. Spot gold gained 1.2% to $2,220.85 per ounce as of 1:50 p.m. EDT (1750 GMT), logging its best month […]
By Anjana Anil (Reuters) – Gold prices edged higher on Thursday, helped by a softer U.S. dollar and the Middle East conflict lifting safe-haven appeal, while investors await further comments from a Federal Reserve official to gauge the central bank’s interest rate trajectory. Spot gold rose 0.3% to $2,011.29 per ounce by 0955 GMT but […]