Gold rose 0.3% amid expectations of US interest rate cut

Gold prices rose today, Thursday, after lower-than-expected US economic data raised hopes that the Federal Reserve would cut interest rates next September.

Gold rose in spot transactions by 0.3% to $2,362.10 per ounce, while US gold futures witnessed a slight change to settle at $2,369.80.

As for other precious metals, silver rose in instant transactions 0.2% to $30.54, platinum increased 0.5% to $1,002.28, while palladium fell 0.6% to $1,023.23, after rising to its highest level since mid-April in the last session.