SINGAPORE - (Saba): Gold prices settled on Wednesday, as investors assessed the prospects of the Federal Reserve announcing a major rate cut later in the day.
According to Reuters, gold settled in spot transactions at $ 2571.28 an ounce "ounce". U.S. gold futures rose 0.2 percent to $2,597.60.
The Fed is expected to announce its first rate cut in more than four years today.
Among other precious metals, spot silver fell one percent to $30.42 an ounce, platinum fell 0.2 percent to $979.85 and palladium fell 0.6 percent to $1,109.42.
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