Gold Prices Steady after Fed Policymakers Back Rate Cuts

Gold prices held their ground today, after hitting an all-time high in the previous session, following comments by US Federal Reserve's officials that backed additional interest rate cuts in the future. Spot gold was steady near $2,625.52 per ounce. Bullion hit a record high of $2,635.29 on Monday. US gold futures edged 0.1% lower to $2,650.30. Spot silver was steady at $30.66 per ounce, platinum rose 0.4% to $960.40 and palladium shed 0.6% to $1,035.25. Source: Oman News Agency