Global gold prices hold steady near record high amid inflation

Economy

Published: 2024-04-10 15:55

Last Updated: 2024-05-23 01:26


Global gold prices hold steady near record high amid inflation
Global gold prices hold steady near record high amid inflation

Global gold prices remained steady on Wednesday, hovering near the latest record high, as the precious metal continued to benefit from concerns over potential inflationary pressures and ongoing geopolitical tensions.

Spot gold prices showed minimal movement, holding at USD2,355.29 per ounce, following yesterday's peak of USD2,365.09.

Meanwhile, US gold futures saw a 0.5 percent increase, reaching USD2,373.50, as reported by CNBC.

In regards to other precious metals, silver remained stable in spot transactions at USD28.15 per ounce after reaching its highest level in nearly three years on Tuesday. However, platinum experienced a slight decline of 0.2 percent, reaching USD976.67, while palladium dropped 0.4 percent to USD1,088.75.

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