SINGAPORE - (Saba): Gold prices stabilized today, Monday, near record highs, as traders continued to benefit from the momentum resulting from the decision of the Federal Reserve (the US central bank) to cut interest rates, amid expectations of more cuts in the future.
According to Reuters, gold recorded in spot transactions $ 2,619.37 per ounce, achieving a level close to the highest record point it recorded last Friday... While US gold futures contracts decreased by 0.1 percent, reaching $ 2,643.90.
As for other precious metals, silver fell by 0.2 percent to $31.06 per ounce, while platinum fell by 0.8 percent to $967.81, while palladium fell by 1.3 percent to $1,053.67.
According to Reuters, gold recorded in spot transactions $ 2,619.37 per ounce, achieving a level close to the highest record point it recorded last Friday... While US gold futures contracts decreased by 0.1 percent, reaching $ 2,643.90.
As for other precious metals, silver fell by 0.2 percent to $31.06 per ounce, while platinum fell by 0.8 percent to $967.81, while palladium fell by 1.3 percent to $1,053.67.