Gold stabilizes amid anticipation of US inflation data
Qiyas summary
Gold prices stabilized in early Asian trading on Wednesday, as traders awaited the release of US consumer price index data, which could influence the Federal Reserve's (US central bank) upcoming decision on interest rates.
Translated by Qiyas from السياسة — Original source
Gold prices stabilized in early Asian trading on Wednesday, as investors awaited the release of U.S. consumer price index data, which could influence the Federal Reserve’s upcoming decision on monetary policy.
Spot gold held steady at $4,161.05 per ounce, while U.S. gold futures rose 0.2% to $4,185.
Among other precious metals, spot silver fell 0.5% to $59.12 per ounce, platinum declined 0.4% to $1,656.08, and palladium dropped 0.1% to $1,124.39.
