Gold steady ahead of US rate decision
Gold prices remained stable in Asian markets, with modest gains expected for the week, as traders await U.S. employment data that will influence future interest rate decisions. The spot price of an ounce was at $4,477.10, after jumping 2% yesterday due to decreased expectations of a rate hike this month. The Federal Reserve is likely to keep interest rates steady if upcoming economic data continues to show a reduction in inflation, which caused December gold futures to fall by 0.4% to $4,522.60. Other metals, such as silver, palladium, and platinum, also declined but are on track to achieve slight weekly gains.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)