Muscat: Gold prices rose 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.
According to Oman News Agency, 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%.
