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Markets Print edition: 2024-02-23

Gold prices gain

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By Reuters

BENGALURU: Gold prices rose on Thursday, driven by a retreating US dollar and safe-haven demand on the back of the Middle East conflict while investors await further US economic data for a steer on interest rate expectations. Spot gold gained 0.1% to $2,027.80 an ounce by 1300 GMT, having hit $2,031.99 on Wednesday for its highest since Feb. 9. US gold futures rose 0.2% to $2,038.10.

The dollar weakened against a basket of currencies. The dollar index was down 0.2%, making bullion more appealing to buyers holding other currencies.

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