Gold Prices Rise Over $2,500 Amid Rate Cut Optimism

Gold prices were little changed on Tuesday, but remained above the USD 2,500 per ounce level amid investor optimism about an imminent US interest rate cut. Spot gold was steady at USD 2,515.51 an ounce, rising over 21 percent this year to a record high of USD 2,531.60 on Aug. 20, 2024. US gold futures fell 0.2 percent to $2,551. Among other precious metals, spot silver rose 0.6 percent to USD 30.07 an ounce, platinum fell 0.2 percent to USD 960.10, and palladium rose 0.8 percent to USD 965.91. ( Source: Qatar News Agency