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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAs traders prepare to receive U.S. inflation data, gold has remained stable.
Gold prices remained stable on Monday. Investors are cautious and waiting for key U.S. inflation data expected this week that could influence the Federal Reserve's monetary policy position. At 01:48 GMT, spot gold was unchanged at $2,016.74 per ounce. Gold would be one of the “main beneficiaries” in the event of new signs of weakness in the American economy. According to Waterer, if the stars align for gold, prices could reach $2,100 sooner than expected
.Cash fell 0.2% to $25.59 per ounce. Platinum remained stable at $1,059.32, while palladium gained 0.8% to
$1,502.75.
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