2023-08-16 08:42:51
Mubasher: Gold prices stabilized during trading today, Wednesday, supported by expectations that the Federal Reserve has not yet finished the monetary tightening cycle.
And by 09:35 am GMT, gold settled in spot transactions at $ 1903.50 an ounce.
US gold futures also settled at $1935.60 an ounce.
As for other precious metals, spot silver rose 0.4 percent to $22.61 an ounce.
Palladium rose 0.2 percent to $1,237.45.
While platinum fell 0.1 percent to $887.29.
Investors are awaiting the minutes of the US Central Bank meeting for the month of July to explore the path of the next strategy related to interest rates.
Gold fell during Tuesday’s trading to its lowest level since the end of June, with US Treasury yields for ten years reaching the highest level in about ten months.
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