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Gold Prices Rise as US Rate Hike Bets Ease

Economy

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Singapore, October 05 (QNA) - Gold prices climbed in early Asian trading on Monday as softer economic data tempered expectations of a US Federal Reserve rate hike this month.

Spot gold rose 0.3% to $4,153.32 an ounce, while US gold futures for December delivery advanced 0.5% to $4,182.40.

Among other precious metals, spot silver jumped 1% to $60.97 an ounce, platinum gained 0.4% to $1,705.70, and palladium advanced 0.7% to $1,176. (QNA)

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