Gold Near Two-Week High on Cooling US Rate-Hike Bets
Singapore, July 06 (QNA) - Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by the Federal Reserve.
Spot gold was steady at $4,175.02 per ounce, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday.
US gold futures for August delivery climbed 1.5% to $4,186.80 per ounce.
Elsewhere, spot silver extended gains to a fifth session, up 0.1% at $62.4773 per ounce after earlier hitting its highest since June 23.
Spot platinum added 0.4% to $1,645.05 per ounce and palladium was up 0.1% to $1,275.18 per ounce. Both metals were on track for their fourth straight daily gain. (QNA)
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