Thursday, September 12, 2024

Gold makes new record high

 

 Gold prices rose more than 1% to hit a record high on Thursday, helped by expectations of an interest rate cut by the Federal Reserve next week after U.S. data signalled a slowing of the economy.

Spot gold was up 1.6% at $2,551.19 per ounce, while U.S. gold futures were up 1.4% at $2,578.90.

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Updated:

Spot gold was up 1.8% at $2,556.86 per ounce. U.S. gold futures were up 1.7% at $2,585.20.