[Tue, 20 Aug 2024 08:52:45 +0300]

NEW YORK August 20. 2024 (Saba)- Gold prices stabilized on Monday, near the highest level recorded in the previous session, as expectations of a US interest rate cut next month boosted the attractiveness of the precious metal.

According to Reuters, spot gold fell 0.2 percent to $2,501.19 per ounce. Prices rose to an all-time high of $2,509.65 per ounce on Friday.

US gold futures rose 0.1 percent to $2,540 per ounce.

M.M

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