Gold hits all-time high of $2,222.39/oz

Gold

Gold prices climbed to a record high on Thursday, as the US dollar and bond yields ticked lower after the Federal Reserve maintained its projection of three rate cuts for this year.

Spot gold was up 0.8% at $2,203.09 per ounce as of 0457 GMT, after hitting an all-time high of $2,222.39 earlier in the session. US gold futures jumped 2.1 percent to $2,205.40.

Spot silver remained steady at $25.63 per ounce, while platinum rose 1.2 percent to $917.60 and palladium climbed 1.2 percent to $1,033.56.