Sana'a: Gold prices rose on tuesday driven by expectations of further interest rate cuts in the United States and continued demand for safe-haven assets, as investors awaited trade talks between Washington and Beijing and the release of U.S. inflation data expected this week. According to Yemen News Agency, spot gold increased by 2.3% to $4,347.47 per ounce, while U.S. gold futures for December delivery saw a rise of 3.6%, reaching $4,366 per ounce. The precious metal had previously hit a record high of $4,378.69 per ounce last Friday, before experiencing a 1.8% decline, marking its largest daily drop since mid-May. In other areas of the precious metals market, spot silver saw an increase of 0.7% to $52.23 an ounce. This follows a record high of $54.47 on Friday, after which it fell by 4.4%. Meanwhile, platinum prices rose by 2.1% to $1,642.79, and palladium saw an increase of 1.8%, reaching $1,498.31 an ounce.
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