Source : WAM
Gold prices rose on Tuesday to their highest level in a week, following comments from U.S. Federal Reserve officials that reinforced expectations of an interest rate cut.
Spot gold increased 0.4% to $4,465.32 per ounce, after surging nearly 3% in the previous session.
U.S. gold futures for February delivery rose 0.3% to $4,465.70 per ounce.
Other precious metals also advanced, with spot silver up 2.9% to $78.72 per ounce, following a record high of $83.62 on 29 December.
Spot platinum gained 2.5% to $2,327.17 per ounce, after reaching an all-time high of $2,478.50 last Monday.
Palladium prices rose 0.8% to $1,721.74 per ounce.
