Gold prices rise amid tariff concerns

Gold prices rose on Thursday amid continued concerns about the impact of tariffs. Lower-than-expected US inflation data also supported the precious metal by reinforcing expectations of a rate cut.

Spot gold rose 0.43% to $2,944.61 per ounce, while gold futures were steady at $2,949.30.

Among other precious metals, spot silver rose 0.2% to $33.29 per ounce, platinum rose 0.2% to $985.18, and palladium rose 0.6% to $954.63.