Jordan Daily -Gold prices rose in Asian trade on Wednesday, hovering near record highs after steady U.S. inflation data reinforced expectations of Federal Reserve rate cuts this year, while tensions involving Iran supported safe-haven demand.
Spot gold was up 0.7% at $4,623.55 an ounce, just below Tuesday’s record peak. U.S. gold futures gained 0.6% to $4,627.10.
Silver outperformed, jumping 3% to a record high of $90.04 an ounce, driven by strong industrial demand and safe-haven buying.
