Singapore,
Gold prices extended gains today after top consumer China pledged to ramp up policy stimulus to help spur economic growth, with investors are awaiting US inflation data for further insights into the Federal Reserve’s interest rate outlook.
Spot gold was up 0.5% at $2,671.03 per ounce.
US gold futures rose 0.3% to $2,693.50.
Gold hit a two-week high yesterday (Monday), supported by China’s central bank resuming purchases after a six-month hiatus.
Spot silver added 0.6% to $31.98 per ounce, platinum shed 0.4% to $935.02, and palladium was trading 0.1% lower at $972.25.
— Ends/Khalid
