Gold prices edged higher on Wednesday to touch their highest levels since March 2022 after weak U.S. economic data spurred safe-haven demand and expectations that the Federal Reserve might loosen its monetary policy trajectory, APA reports citing Reuters.
Spot gold was up 0.1% at $2,022.09 per ounce, as of 0355 GMT. Earlier in the session, bullion was closing in on record highs seen in 2020. U.S. gold futures were steady at $2,038.90.
Spot silver edged up 0.1% to $25.03 per ounce, while platinum gained 0.5% to $1,022.58 and palladium rose 0.3% to $1,461.42.
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