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Precious metals: gold close to its lowest level

06/02/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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While traders reduced expectations of aggressive interest rate cuts by the U.S. Federal Reserve this year, the gold price remained close to its lowest level in nearly two weeks on Tuesday.

US gold futures fell 0.2% to $2,039.40 per ounce. Spot gold was down 0.1% at $2,023.42 per ounce at 0352 GMT, after reaching the lowest level since January 25 in the previous session

.

Spot silver fell 0.1% to $22.33 per ounce, while palladium rose 0.7% to $955.26 and platinum rose 0.2% to $898.15.

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