Post: Gold Prices Rise by More Than 2 Percent

Doha: Gold prices rose Thursday by more than 2 percent after investors lowered their expectations for a rate hike in September, following statements by Federal Reserve Governor Christopher Waller indicating that recent progress in fighting inflation could support keeping interest rates unchanged. According to Qatar News Agency, spot gold rose 2.4 percent to USD 4,491.55 per ounce, after hitting its highest level since August 28 earlier in the session. US gold futures for December delivery rose 2.8 percent to USD 4,539.20. As for other precious metals, spot silver rose 2.8 percent to USD 67.14. Platinum gained 3.8 percent to USD 1,826.58. Palladium jumped 5.9 percent to USD 1,424.75.