2024-03-19T06:06:16+00:00
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/ Gold stabilized on Tuesday, with buyers remaining impartial forward of the Federal Reserve (US central financial institution) assembly this week, which can present extra clues on the timing of attainable rate of interest cuts this yr.
There was little change in gold in spot transactions at $2,160.79 per ounce by 04:26 GMT. Gold settled in US futures at $2,164.10.
With the Fed extensively anticipated to maintain rates of interest regular on the finish of its two-day financial coverage assembly on Wednesday.
Gold costs fell 1% final week after knowledge confirmed that US client costs rose strongly in February and producer costs rose greater than anticipated, dampening hopes for early rate of interest cuts from the Federal Reserve.
Silver gained 0.3% in spot transactions to $25.10 per ounce, platinum rose 0.3% to $915.65, and palladium fell 1.3% to $1,019.26.