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Business / World Business

Gold hovers near 1-month low ahead of US data

Published: 12 Nov 2024 - 08:50 am | Last Updated: 12 Nov 2024 - 08:51 am
Peninsula

QNA

Singapore: Gold ticked up on Tuesday but hovered near a one-month low, while investors awaited US economic data and comments from Federal Reserve officials for further clarity on the interest rate trajectory.

Spot gold rose 0.2% at $2,624.17 per ounce, after hitting its lowest since Oct. 10 on Monday. US gold futures rose 0.5% to $2,630.10.

Spot silver was little changed at $30.70 per ounce, platinum lost 0.2% to $962.80 and palladium was flat at $980.34.