2024-03-28T04:54:21+00:00
A-
A
A+
/ Gold prices stabilized on Thursday, as investors absorbed Federal Reserve Governor Christopher Waller’s comments regarding interest rate cuts and looked to more US economic data for political clues.
The spot price of gold settled at $2,194.36 per ounce by 03:05 GMT.
US gold futures rose 0.2 percent to $2,193.90.
Gold prices have been trading in a limited range most of the time this month, and a break above the current resistance level at $2,225 per ounce may lead prices towards the $2,300 level.
Gold reached a record high last week after the Federal Reserve predicted three interest rate cuts in 2024 despite recent high inflation readings.
Silver stabilized in spot transactions at $24.67 per ounce, platinum rose 0.7 percent to $900.35, and palladium rose 1.3 percent to $996.19.