Gold Rises on Growing Rate-Cut Bets

Singapore, Gold prices rose on Tuesday, hovering near a record peak hit in the previous session as recent economic data boosted bets that the US Federal Reserve would start cutting interest rates later this year. Spot gold was up 0.1% at $2,428.14 per ounce. The bullion hit a record high of 2,449.89 on Monday. US gold futures fell 0.3% at $2,431.80. Spot silver rose 1.3% at $32.25 per ounce, platinum was down 0.1% at $1,045.80, and palladium lost 0.4%to $1,023.25. Source: Qatar News Agency