Doha: Gold prices rose for the third consecutive session Monday, amid growing expectations of an imminent interest rate cut by the US Federal Reserve. Spot gold rose 0.3 percent to $3,373.22 per ounce, its highest level since the 24th of last month. US gold futures also rose 0.8 percent to $3,427.10.
According to Qatar News Agency, other precious metals also experienced fluctuations in their market values. Spot silver increased by 0.8 percent, reaching $37.33 per ounce. Platinum saw a rise of 0.5 percent, bringing it to $1,322.03 an ounce. Conversely, palladium experienced a decline, falling 1.9 percent to $1,184.75 an ounce, marking its lowest level in more than two weeks.