Economy
Gold prices stabilize near a three-month low ahead of the U.S. Federal Reserve meeting.
- Federal Reserve scheduled for this week.
- In the spot market, gold fell by 0.2 percent, reaching $3,987.45 per ounce after hitting its lowest point since mid-July in the previous session.
- gold futures also declined by 0.2 percent, settling at $4,000.80 per ounce.
- Other Precious Metals Show Mixed Performance In other precious metal markets, silver experienced a slight increase in spot trading, rising by 0.2 percent to $54 per ounce.
Gold Prices Stabilize Near Three-Month Lows Ahead of Federal Reserve Meeting
Gold prices have stabilized close to their lowest levels in three months as investors await the upcoming monetary policy meeting of the U.S. Federal Reserve scheduled for this week.
In the spot market, gold fell by 0.2 percent, reaching $3,987.45 per ounce after hitting its lowest point since mid-July in the previous session. Meanwhile, U.S. gold futures also declined by 0.2 percent, settling at $4,000.80 per ounce.
Other Precious Metals Show Mixed Performance
In other precious metal markets, silver experienced a slight increase in spot trading, rising by 0.2 percent to $54 per ounce. Conversely, platinum saw a minor decline of 0.1 percent, dropping to $1,549.42 per ounce.
On the other hand, palladium rose by 0.4 percent, reaching $1,047.90 per ounce.
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