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Business / World Business

Gold prices rise as demand grows

Published: 19 Jun 2025 - 08:05 pm | Last Updated: 19 Jun 2025 - 08:08 pm
File photo

File photo

QNA

Singapore: Gold prices rose on Thursday amid growing demand for safe-haven assets, but the Federal Reserve's cautious stance on interest rate cuts limited the precious metal's gains.

Spot gold was up 0.2% at $3,376.48 an ounce. 

US gold futures eased 0.4% to $3,393.70.

Spot silver eased 0.2% to $36.66 per ounce, platinum rose 1.5% to $1,342.36, while palladium gained 0.6% to $1,055.18.


On Wednesday, the Federal Reserve decided to keep interest rates unchanged at a range of 4.25-4.5%.