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Gold prices stabilize amid US elections, await possible interest rate cuts

[04/11/2024 05:47]

SINGAPORE - SABA
Gold prices stabilized today, Monday, as investors are watching the US presidential election and the possibility of an additional interest rate cut.

The price of gold in spot transactions rose 0.1 percent to $ 2,738.29 an ounce (ounce). U.S. gold futures settled at $2,747.50.

Among other precious metals, spot silver prices rose 0.4 percent to $32.54 an ounce, platinum fell 0.1 percent to $991.72, while palladium rose 0.1 percent to $1,108.36.