Metals rise, gold up 1%, silver increases 1.5%, palladium jumps 3.92%19 Dec 2023 17:42
The prices of precious metals gained ground on Tuesday as the possibility of the Federal Reserve going for three interest rate cuts in 2024 seemingly drove trader sentiment, with policymakers hinting that monetary policy easing will happen in the following year.
Gold advanced 1%, to go for $2,046.91 per ounce at 11:35 am ET. Silver increased 1.50%, selling at $24.16 per ounce at the same time. Platinum rose 1.45%, to stand at $962.18 per ounce at 11:35 am ET. Palladium traded 3.92% higher, to go for $1,226.25 per ounce concurrently, reaching its highest point since early October.
Baha Breaking News (BBN) / AY