Publisher: Maaal International Media Company
License: 465734
Wednesday, 30 April 2025
Gold holds above $2,500 as US currency weakens
Gold prices held above $2,500 an ounce on Tuesday, supported by a weaker US currency and Treasury yields, while traders awaited the minutes of the Federal Reserve’s latest policy meeting for further clues on whether to cut interest rates.
Spot gold was up 0.1% at $2,505.92 an ounce by 00:38 GMT. Prices hit an all-time high of $2,509.65 on Friday.
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