Gold prices edge up in quiet trading

Gold spot prices rose slightly on Tuesday amid subdued trading during a holiday-shortened week, with investors cautious about the impact of President-elect Donald Trump’s trade policies and the Federal Reserve’s expected rate cuts next year.

Spot gold prices increased by 0.31 per cent to $2,620.98 per ounce at 7:07 AM GMT, compared to the previous closing price of $2,612.94.

Meanwhile, US gold futures rose 0.24 per cent to $2,634.59, compared to Monday’s closing of $2,628.2.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama