Doha: Gold prices rose on Thursday, while US inflation data raised expectations of potential interest rate cuts by the Federal Reserve: Spot gold was up 0.3% at $3,364.10 an ounce.
According to Qatar News Agency, US gold futures gained 1.2% to $3,384.40. Spot silver was up 0.3% at $36.32 per ounce, and platinum rose 0.8% to $1,265.32, still hovering near more than a four-year high. Meanwhile, palladium was down 1% at $1,069.65.
Data showed the Consumer Price Index rose 0.1% in May 2024, below economists' expectations of 0.2%.