2024-02-20T04:55:40+00:00
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/ Gold prices stabilized on Tuesday, despite the rise in the dollar and Treasury yields, as investors awaited the minutes of the last meeting of the Federal Reserve (the US central bank) for more evidence on the timing of interest rate cuts.
Spot gold was steady at $2,018.03 per ounce by 03:41 GMT. Most U.S. markets were closed on Monday for a holiday.
U.S. gold futures rose 0.3 percent to $2,029.10 an ounce.
The dollar index rose 0.1 percent, and benchmark 10-year Treasury yields rose near 4 percent, making bullion priced in the greenback less attractive to foreign buyers.
Among other precious metals, spot platinum fell 0.6 percent to $893.16 an ounce, palladium fell 0.8 percent to $946.41 an ounce, and silver fell 0.4 percent to $22.93 an ounce.