Gold Stabilizes Near Its Highest Levels in Two Weeks
Gold stabilized today after reaching its highest level in two weeks.
SUMMARY
Gold stabilized today after reaching its highest level in two weeks, with a slight decrease in prices.
KEY HIGHLIGHTS
- Gold in spot transactions fell 0.2 percent.
- U.S. gold futures for December delivery dropped 0.3 percent.
CORE SUBJECT
Gold Prices
Gold stabilized significantly today, Thursday, after reaching its highest level in nearly two weeks in the previous session, as market participants assessed the possibility of a U.S. interest rate cut in December amid mixed signals from the Federal Reserve. By 0200 GMT, gold in spot transactions fell 0.2 percent to $4,154.09 per ounce. U.S. gold futures for December delivery dropped 0.3 percent to $4,151.20 per ounce.
As for other precious metals, silver in spot transactions decreased by 0.9 percent to $52.89 per ounce, platinum rose by 1.4 percent to $1,611.04, and palladium lost 0.9 percent to $1,409.87.