December 27, 2023
London, December 27 (QNA) – Gold prices stabilized today in light of weak trading volume, expectations that the US Federal Reserve will cut interest rates in the first quarter of 2024, and a weak dollar in general.
The price of gold in spot transactions stabilized at $2,066.86 per ounce.
US gold futures rose by 0.4 percent to reach $2,078.20 per ounce.
Although the dollar index rose by 0.1 percent, it is still close to its lowest level in five months, and is heading towards its worst annual performance since 2020, and the weakness of the dollar makes gold more attractive to holders of other currencies.
Regarding other precious metals, silver rose in spot transactions by 0.2 percent, reaching $24.25 per ounce, while platinum stabilized at $978.56, and palladium witnessed a decline of 0.3 percent, reaching $1,176.49.
key words
Economy, global
2023-12-27 06:43:30
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