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Gold $3,231.93 $(4.28) -0.13% Silver $32.56 $(0.02) -0.07% Platinum $981.46 $(0.05) -0.01% Palladium $944.15 $(1.66) -0.18%

Gold climbs to over three-week high on US rate cut bets

Gold climbs to over three-week high on US rate cut bets

Dec 28 (Reuters) - Gold prices steadied after hitting a more than three-week high on Thursday, deriving support from a weaker U.S. dollar and lower bond yields as markets bet on rate cuts by the Federal Reserve early next year.

Spot gold was steady at $2,072.09 per ounce at 1206 GMT after earlier rising as high as 2,088.29, the most since Dec. 4. U.S. gold futures were down 0.5% at $2,082.20...[LINK]

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