Gold prices stabilize in global spot transactions at $2323.74 per ounce

  • Gold prices steadied in the early hours of Monday, supported by data showing a decline in inflation in the United States, which boosted hopes that the US Federal Reserve will start cutting interest rates this year.

 

  • Spot gold was little changed at $2,323.74 an ounce, while U.S. futures fell 0.3% to $2,333.

 

  • Data released last Friday showed that U.S. prices were unchanged in May while consumer spending rose moderately, a trend that could bring the U.S. central bank closer to starting to cut interest rates this year.

 

  • Lower interest rates reduce the opportunity cost of holding the non-yielding metal.

 

  • Among other precious metals, spot silver fell 0.3% to $29.05 an ounce, platinum was flat at $993.60, and palladium rose 0.2% to $974.50.

Share the topic with your friends on

Facebook
Twitter
WhatsApp
Telegram
LinkedIn
Email

Leave A Reply

Start trading!

If you want to start trading, contact us on WhatsApp now

You may also like

    The performance of the Egyptian Stock Exchange indices rose collectively at the close of trading today, Sunday, the start of the week's trading, supported by...
  • June 22, 2025
There is great uncertainty about the future of global monetary policy and inflation amid turbulent geopolitical conditions and the repercussions of US tariffs. Investors have expressed concern...
  • June 21, 2025


Subscribe to receive all new 

Please enable JavaScript in your browser to complete this form.