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Stability of Gold Prices
Gold prices stabilized on Thursday, supported by indications that the Federal Reserve is considering monetary easing.
As a result, gold in spot transactions decreased by 0.2% to $4,332.29 per ounce, after having risen by more than 1% late Wednesday.
U.S. gold futures also fell by 0.2% to $4,364.70.
In other precious metals, silver in spot transactions rose by 0.2% to $66.44 per ounce, after reaching a record high of $66.88 in the previous session. Silver has increased by 129% since the beginning of the year, surpassing gold’s gains of 65%, thanks to strong industrial demand and investor interest, along with shrinking inventories.
Platinum saw an increase of 3.6% to $1,966.00, its highest level in over 17 years, while palladium rose nearly 1% to its highest point in about three years at $1,663.00.
Investors are now anticipating the U.S. consumer price index for November, which will be released later on Thursday, followed by the personal consumption expenditures price index on Friday.
