Gold advances in early Thursday trade

Gold prices climbed on Thursday amid subdued holiday trading, supported by a softer US dollar and ongoing geopolitical tensions. Investors focused on the Federal Reserve’s 2025 rate outlook and Donald Trump’s tariff policies, factors likely to influence the metal’s performance in the coming year.

Spot gold emerged at 6:29 AM GMT by 0.38 per cent to $2,627.12 per ounce, compared to the previous closing price of $2,617.27.

Meanwhile, US gold futures rose 0.21 per cent at $2,641.01, compared to Wednesday’s closing price of $2,635.5.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama