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Gold hits one-week high amid rate-cut expectations
Gulf Today
|January 07, 2026
Gold prices rose on Tuesday to their highest level in a week, following remarks by officials at the US Federal Reserve that strengthened expectations of an interest rate cut.
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Spot gold climbed 0.4 percent to $4,465.32 per ounce, after jumping nearly 3 percent in the previous session.
US gold futures for February delivery rose 0.3 percent to $4,465.70 per ounce.
Among other precious metals, spot silver advanced 2.9 percent to $78.72 per ounce, after reaching a record high of $83.62 on 29th December.
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