Gold Prices Stabilize amid Anticipation of US Economic Data

Gold prices recorded stability Thursday in light of investors’ anticipation of a group of US economic data that may affect the course of the monetary policy of the Federal Reserve (US Central Bank) after publishing the minutes of its meeting for the month of June, which supported expectations Raise interest rates for a longer period.

Gold settled in spot transactions at $1918.59 an ounce, while US gold futures fell 0.1% to $1925.00.

As for other precious metals, spot silver rose 0.1% to $23.1292 an ounce, palladium fell 0.9% to $1,248.44, and platinum settled at $915.77.

Source: Qatar News Agency