Gold loses its luster as central financial institution conferences strategy

by times news cr

2024-03-18T05:10:24+00:00

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/ Gold costs fell right this moment, Monday, with the rise of the greenback and traders awaiting a collection of financial coverage conferences in main central banks, together with the US Central Financial institution, this week.

By 02:59 GMT, gold in spot transactions fell 0.4% to $2,147.89 per ounce, and US gold futures contracts fell 0.5% to $2,151.30 per ounce.

The Federal Open Market Committee is scheduled to start its two-day assembly relating to rates of interest tomorrow, Tuesday. It’s going to announce its resolution on the rate of interest on Wednesday, adopted by issuing a press release.

As for different treasured metals, platinum fell in spot transactions by 0.1% to $932.45 per ounce. Palladium settled at $1,077.25 per ounce. Silver fell 0.6% to $25.01 per ounce.

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