Gold Prices Climb Amid Dollar's Decline

Gold prices experienced a slight increase on Thursday, buoyed by a weaker dollar as expectations rise for a cut in U.S. interest rates next month. Traders are also closely monitoring U.S. President Donald Trump's nominations to the Federal Reserve's Board of Governors.

At 0057 GMT, spot gold had risen by 0.1 percent to $3372.97 per ounce. Meanwhile, U.S. gold futures saw a gain of 0.3 percent, reaching $3442.20.

Other precious metals showed varied movements. Silver remained stable in spot transactions, holding at $37.83 per ounce. Platinum saw a slight increase of 0.2 percent, priced at $1336.74. Palladium demonstrated a more significant rise of 0.7 percent, climbing to $1139.98.