Gold rose 0.6 per cent to $3,953 an ounce on Thursday, supported by a weaker dollar and a US Federal Reserve interest rate cut, though progress in US-China trade talks limited gains. US December gold futures fell 0.9 per cent to $3,964.50. The Fed cut rates by a quarter point to 3.75–4.00 per cent, with Chair Jerome Powell cautioning markets against expecting further cuts this year. A softer dollar also made gold cheaper for other currency holders. Analysts noted the gains were largely technical, as trade optimism and a "hawkish" Fed limit gold's upside, though the long-term trend remains positive. US President Donald Trump said he had reached a deal with China to reduce tariffs in exchange for renewed soybean purchases and continued rare earth exports. Other metals saw mixed moves: silver fell 0.2 per cent to $47.48, platinum rose 0.6 per cent to $1,595.20, and palladium climbed 0.9 per cent to $1,413.43. Attribution: Reuters
