Gold Prices Rise Amid Optimism About US Interest Rate Cut

Gold prices rose amid optimism about a cut in US interest rates, while traders are awaiting economic data for clues on the path that the Federal Reserve (the US central bank) will follow.Safe-haven spot gold rose 0.3 percent to $2,389.42 an ounce, while US gold futures fell 0.2 percent to $2,428.40.As for other precious metals, silver rose by about 1 percent to $26.84 an ounce, platinum rose by 0.1 percent to $920.40, while palladium gained 1.2 percent to $892.75.Source: Qatar News Agency