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Gold Prices Rise Amid Expectations of Interest Rate CutsSingapore, 24 Mar (ONA) —- Gold prices rose today amid concerns
about the imminent tariffs that US President Donald Trump plans to
impose, in addition to anticipation of interest rate cuts by US
Federal Reserve this year (2025).
Gold increased by 1% in spot transactions to $3025.12 per ounce.
US gold futures rose 0.3% to $3030.70 per ounce.
Gold reached its highest level ever at $3057.21 per ounce last
Thursday, as trade tensions fueled demand for safe-haven assets.
As for other precious metals, silver rose 0.1% in spot
transactions to $33.06 per ounce, platinum increased by 1.1% to
$981.25, and palladium rose 0.5% to $962.54.—- Ends/Khalid
