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New York, June 30 (QNA) – Gold prices edged higher on Monday but remained on track for their worst quarterly performance in 13 years, as inflation concerns linked to the Middle East conflict strengthened expectations of further US Federal Reserve interest rate hikes.
Spot gold rose 0.3 percent to USD 4,027.03 per ounce, while U.S. gold futures were little changed at USD 4,038.50 per ounce. The precious metal is set for its first quarterly loss since 2024 and its biggest quarterly decline since the second quarter of 2013.
Among other precious metals, silver gained 1.9 percent to USD 59.20 per ounce, while platinum fell 1.6 percent to USD 1,549.47 and palladium slipped 0.6 percent to USD 1,206.17 per ounce. (QNA)
