Gold prices saw a strong rise during Thursday's trading, settling near $3,760 an ounce , amid growing expectations of a US interest rate cut during upcoming Federal Reserve meetings, which boosted demand for the precious metal as a safe haven in global markets.
Gold futures rose 0.44% , or $16, to $3,784 an ounce , while spot prices climbed 0.53% , or $20, to $3,756 an ounce . This performance reflects strong demand for gold amid growing concerns about a global economic slowdown.