Wednesday’s gold prices didn’t move much, but they remained close to the record high they reached last week due to the Middle East crisis-driven demand for safe haven assets and the expectation of impending rate cuts by the US.
spot gold was unchanged at $2,524.88 an ounce. On August 20, gold reached a record high of $2,531.60.At $2,560.20, U.S. gold futures increased by 0.3%.
Spot silver remained mostly unchanged at $29.99 per ounce, while palladium increased by 0.2% to $971.95 and platinum increased by 0.6% to $959.21.
