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Gold Prices Stabilize Ahead of US Inflation Data

Gold Prices Stabilize Ahead of US Inflation Data


Gold prices stabilized Wednesday, as traders awaited inflation data in the United States of America, which could provide evidence on the path of interest rates.

Spot gold was stabilized at USD 2,357.35 per ounce.

US gold futures rose 0.1% to USD 2,362.80 per ounce.

Spot silver fell 0.1% to USD 28.57 per ounce, and palladium increased 1.3% to USD 990.06.

Platinum rose 2.2% to USD 1,053.75, recording the highest level in almost a year.

Source: Qatar News Agency