Gold prices edge up on safe-haven demand

Gold prices rose slightly on Wednesday due to safe-haven demand, with investors awaiting US jobs data and comments from Federal Reserve Chair Jerome Powell for insights on the future of US interest rates.

Spot gold prices rose at 7:02 GMT by 0.17 per cent to $2,648.15 per ounce, compared to the previous closing price of $2,643.66.

Meanwhile, US gold futures increased 0.10 per cent to $2,670.51, compared to Friday’s closing of $2,667.9.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama