Gold rate today, Oct. 9 -- Gold prices remained above the $4,000 mark on Thursday, as investors weighed the Israel-Hamas ceasefire agreement. Ongoing geopolitical and economic uncertainties, coupled with expectations of U.S. rate cuts, continued to support positive sentiment for the metal.
Spot gold held steady at $4,035.70 per ounce on October 9, while U.S. gold futures for December delivery slipped 0.4 per cent to $4,055.20.
On Wednesday, bullion had breached the $4,000 per ounce threshold for the first time, reaching an all-time high of $4,059.05.
"Gold and silver enjoyed impressive gains in a volatile session, with gold topping $4,050 per ounce and silver surpassing $49 per ounce-levels not seen since 2011. This rally is being fuel...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.