At the start of the week, the gold price increased. Renewed bets that the US Federal Reserve would start cutting interest rates in June and a weaker dollar reinforced the attractiveness of

At 3:50 GMT, spot gold was up 0.4% to $2,172.09 per ounce. U.S. gold futures rose 0.6% to $2,173.40 per ounce. The gold price hit an all-time high on Thursday after Fed policymakers indicated that they still plan to cut interest rates by three-quarters of a percentage point by the end of 2024, despite the recent high inflation figures

Spot silver gained 0.2% to $24.71 per ounce, platinum rose 1% to $902.60, and palladium rose 1.4% to $999.79 per ounce.