Doha: Gold prices edged higher on Monday, supported by growing bets that the US Federal Reserve will cut interest rates this week, a move that would add further pressure on the dollar and enhance the appeal of the non-yielding metal. Spot gold rose about 0.3% to $4,206.99 per ounce, while US gold futures for December delivery slipped 0.2% to $4,236.30 per ounce.

According to Qatar News Agency, among other precious metals, silver was steady at $58.25 per ounce, platinum gained 0.3% to $1,646.56 per ounce, while palladium fell 0.5% to $1,455.55 per ounce. The shifts in these metals’ values reflect market responses to anticipated economic policies and shifting investor sentiments ahead of the Federal Reserve’s decision.