Doha: Gold rose on Wednesday, holding near record highs set in the previous session, while silver set another all-time high, the $90 mark, as softer-than-expected inflation readings cemented US interest rate cut bets. Spot gold rose 0.6% to $4,615.85 per ounce. Bullion hit a record high of $4,634.33 on Tuesday. US gold futures for February delivery rose 0.5% to $4,624.0.

According to Qatar News Agency, among other precious metals, spot silver rose above $90 an ounce for the first time, platinum climbed 3.5% to $2,405.30 per ounce, a one-week high, after scaling a record peak of $2,478.50 on Dec. 29, and palladium was up 1.8% at $1,873.0 per ounce.