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Gold remains near two-week high

July 06, 2026 / 9:14 AM
Gold remains near two-week high
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Sharjah24 - WAM: Gold was steady near a two-week high on Monday after weaker-than-expected US jobs report last week eased expectations of further interest rate hikes by the Federal Reserve.

Spot gold traded at $4,174.66 per ounce as of 02:52 GMT, after hitting its highest since 22nd June 22 earlier in the day.

US gold futures for August delivery climbed 1.5 percent to $4,186.70 per ounce.

Among other metals, spot ⁠silver fell 0.6 percent to $62.03 per ounce after hitting its highest since 23rd June earlier. Platinum lost 0.1 percent to $1,636.60 per ounce and palladium was down 0.2 percent at $1,271.75 per ounce.

July 06, 2026 / 9:14 AM

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