Gold prices were steady on Thursday, hovering close to record highs, on expectations of another big US rate cut this year.
Spot gold was up 0.2% at $2,661.25 per ounce. Bullion hit a record high of $2,670.43 on Wednesday.
US gold futures were steady at $2,684.50.
A mild bounce from the US dollar has managed to keep the gold price in check, however with markets still anticipating more aggressive cuts from the Fed between now and year-end, Bullion has risen nearly 29% so far in 2024 and hit record highs several times this year, largely fuelled by monetary policy easing by major global banks and geopolitical concerns.
Source: Qatar News Agency