UAE sends 30 tonnes of food aid to support drought-affected communities in Kenya
UAE provides urgent relief to support flood-affected communities in Mozambique
UAE signs cooperation agreement with UN World Food Programme to support humanitarian efforts in sudan
UAE reopens Sheikh Zayed Child Care Complex in Istanbul following comprehensive redevelopment
Gold
Price Rises amid Expectations of US Federal Reserve Interest Rate Cut
Singapore,
12 Jun (ONA) — Gold pricesrose today, 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.
US
gold futures gained 1.2% to $3,384.40.
Spot
silver was up 0.3% at $36.32 per ounce, platinum rose 0.8% to $1,265.32, still
hovering near more than 4-year high, while 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%.
—Ends/AG
