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29/05/2025 02:55 AST
Gold prices rose in Wednesday's trading as investors moved to buy following a dip in the previous session, amid market anticipation surrounding the upcoming US Federal Reserve's meeting on monetary policy and key economic data releases in search of signals regarding future interest rate decisions.
Spot gold increased by 0.6 percent to USD 3,320.58 per ounce, up from USD 3,285.19 in the previous session, while US gold futures also rose by 0.6 percent to reach USD 3,319.50.
Regarding other precious metals, spot silver edged up by 0.1 percent to USD 33.34 per ounce, platinum increased by 0.8 percent to USD 1,087.97 per ounce, and palladium rose by 0.1 percent to USD 979.57 per ounce.
The US Federal Reserve has held the benchmark interest rate steady within the range of 4.25 percent to 4.50 percent since last December, as officials await greater clarity on the economic outlook.
Policymakers, on the other hand, have also been grappling with market volatility triggered by US President Donald Trump's shifting rhetoric on trade negotiations.
QNA
| Ticker | Price | Volume |
|---|
| (In US Dollar) | Change | Change(%) | |
|---|---|---|---|
| Gold | 3,363.6 | 71.3 | 2.17 |
| Silver | 33.44 | 0.39 | 1.18 |
| Platinum | 1,094.5 | 17 | 1.58 |
| Palladium | 989 | -28.5 | -2.8 |
30/05/2025
Gold prices rose in volatile trading on Thursday, aided by softer jobs data, while market participants also digested a court ruling that blocked most of U.S. President Donald Trump's tariffs.
Reuters
28/05/2025
Gold prices fell on Tuesday by more than one percent after the dollar strengthened, increasing pressure on safe-haven assets, following US President Donald Trump's softened stance on trade with the E
QNA
28/05/2025
Gold prices in the UAE dropped for a second straight day on Tuesday, raising hopes among shoppers that they may see better deals before the Eid Al Adha buying rush.
With global prices fallin
Khaleej Times
27/05/2025
Gold prices eased on Monday after US President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of a 50% tariff from June 1.
Spot go
Asharq Al Awsat
23/05/2025
Gold slipped on Thursday after hitting a nearly two-week high earlier in the session, hurt by an uptick in the dollar, although worries over the US government's increasing debt burden and fiscal outl
Asharq Al Awsat
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