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Gold prices rose in trading on Thursday amid growing demand for safe-haven assets, although the cautious stance of the Federal Reserve regarding interest rate cuts limited the gains of the precious metal.
Thus, gold increased by 0.2% in spot transactions, reaching $3,376.48 per ounce.
Conversely, U.S. gold futures fell by 0.4%, recording $3,393.70.
As for other precious metals, silver declined by 0.2% in spot transactions, reaching $36.66 per ounce, while platinum rose by 1.5% to $1,342.36, and palladium increased by 0.6% to $1,055.18.
The Federal Reserve decided on Wednesday to keep interest rates unchanged in a range of 4.25% to 4.5%.
