Gold hits one-week high amid rate-cut expectations
- Last updated: January 6, 2026 | 14:16 ..
Picture used for illustrative purposes.
Gold prices rose on Tuesday to their highest level in a week, following remarks by officials at the US Federal Reserve that strengthened expectations of an interest rate cut.
Spot gold climbed 0.4 per cent to $4,465.32 per ounce, after jumping nearly 3 percent in the previous session.
US gold futures for February delivery rose 0.3 per cent to $4,465.70 per ounce.
Among other precious metals, spot silver advanced 2.9 percent to $78.72 per ounce, after reaching a record high of $83.62 on 29th December.
Spot platinum gained 2.5 per cent to $2,327.17 per ounce, after climbing to an all-time high of $2,478.50 last Monday.
Palladium prices increased 0.8 percent to $1,721.74 per ounce.
WAM