by Gold costs superior on Thursday to the best stage for a most-active contract in additional than 9 months as buyers guess that the Federal Reserve would quickly conclude its marketing campaign of interest-rate hikes with one ultimate transfer in March.
Price motion
-
Gold costs for April supplyÂ
GCJ23,
+1.20%
rose by $26.70, or 1.4%, to $1,954 per ounce on Comex. -
Silver for March supply
SIH23,
+3.67%
 elevated by 85 cents, or 3.6%, to $24.47 per ounce. -
March palladiumÂ
PAH23,
+2.14%
rose by $27.90, or 1.7%, to $1,660.50 per ounce, whereas platinum for April
PLJ23,
+4.09%
rose by $34.40, or 3.4%, to $1,035.70 per ounce. -
Copper for March
HGH23,
+1.26%
elevated by 4 cents, or 1%, to $4.15 per pound.
Market drivers
Prices of treasured metals rose following the Fed’s latest curiosity rate rise on Wednesday as Chairman Jerome Powell provided commentary that was extra dovish than many market members had anticipated.
