Gold prices stabilize in global spot transactions at $2299.55 per ounce

  • Gold prices stabilized globally during trading today, Thursday, after falling to their lowest level in two weeks in yesterday's session, as markets await important US economic data.

 

  • The price of the yellow metal in spot transactions reached $2,299.55 per ounce, after falling yesterday, Wednesday, to its lowest levels since June 10, while US gold futures fell 0.1% to $2,310.20.

 

  • Markets are awaiting the US first quarter GDP estimates this week, and the personal consumption expenditures inflation data tomorrow, Friday.

 

  • As for other precious metals, silver fell in spot transactions by 0.1% to $28.74, platinum fell by 0.3% to $1,007.33, while palladium rose by 0.2% to $930.39.

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