Gold prices stabilized today, as dealers are awaiting, in a state of caution, new signals from major central banks regarding their monetary policy plans, especially the Federal Reserve, the US Central Bank.
There was little change in gold in spot transactions, to record 1983.29 dollars an ounce.. US gold futures fell 0.1% to 1991 dollars.
As for other precious metals, silver fell in spot transactions by 0.4% to $24.87 an ounce. Platinum fell 0.1% to $1048.34, while palladium rose 1% to $1466.36.
It is noteworthy that there are high expectations that the US Central Bank, during its meeting that will be held today and tomorrow, Wednesday, will raise interest rates by 25 basis points. The European Central Bank is also likely to raise interest rates for the seventh time in a row at its meeting on Thursday.
For its part, the Australian Central Bank suddenly raised the interest rate at its meeting today by 25 basis points to 3.85%, and stated that the coming period may witness more monetary tightening.
