Gold holds above $2,100 near record high

WORLD CAPITALS, 6th March, 2024 (WAM) -- Gold prices held above the $2,100 level on Wednesday, near a record peak hit in the previous session as hopes for US rates easing by mid-year mount, Reuters reported.

Spot gold edged down 0.1% to $2,126.13 per ounce as of 0458 GMT. US gold futures fell 0.4% to $2,134.30.

Spot prices hit a record peak of $2141.59 per ounce overnight on Tuesday, rallying for a fifth straight session.

Spot platinum rose 0.4% to $884.16 per ounce, and palladium rose over 1% to $958.20, while silver dropped 0.3% to $23.63.