Singapore - Saba:
Gold prices stabilized on Monday, amid uncertainty surrounding the policies of the incoming administration of US President-elect Donald Trump, which boosts demand for safe havens, and a strong report on employment in the United States supports the Federal Reserve's caution regarding cutting interest rates significantly this year.
According to Reuters, gold stabilized in spot transactions at $2,690.49 per ounce, hovering near its highest level since December 12, which it recorded on Friday.
US gold futures rose 0.2 percent to $2,720.20.
As for other precious metals, the price of silver stabilized in spot transactions at $30.38 per ounce, platinum fell 0.2 percent to $962.73, and palladium rose 0.1 percent to $949.12.