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Gold Holds Near 1-Month Peak on Further US Rate-Cut Hopes

January 16, 2025, 01.55 PM | Source: Reuters
Gold Holds Near 1-Month Peak on Further US Rate-Cut Hopes

ILUSTRASI. Gold prices were steady on Thursday after hitting over one-month highs, as softer U.S. core inflation data lifted expectations that more rate cuts REUTERS/Denis Balibouse

GOLD - SINGAPORE. Gold prices were steady on Thursday after hitting over one-month highs, as softer U.S. core inflation data lifted expectations that more rate cuts were still on the table, although news of a ceasefire accord between Israel and Hamas capped further gains.

Spot gold held its ground at $2,693.93 per ounce, as of 0603 GMT, after hitting its highest since Dec. 12 earlier in the session. U.S. gold futures gained 0.2% to $2,723.70.

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