Doha: Gold extended its gains on Tuesday, rising to its highest level in more than a week, supported by dovish remarks from Federal Reserve policymakers and growing expectations of a US interest rate cut in December. Spot gold edged up 0.1% to $4,141.49 an ounce, its highest since November 14, after jumping 1.8% in the previous session.
According to Qatar News Agency, US gold futures for December delivery rose 1.1% to $4,139.10 an ounce. Among other precious metals, spot silver held steady at $51.43 an ounce, while platinum gained 0.7% to $1,553.65, and palladium added 0.3% to $1,399.96.