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Gold: price stability

05/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce lundi, les prix de l' or, valeur refuge, sont restés stable, with some profit-taking partially offsetting the support provided by the nervousness linked to the bitter recession ; and the growing expectations of a rate cut by the Federal Reserve in September

.

After falling 1% earlier in the session, spot gold maintained its level at $2,443.44 per ounce at 03:35 GMT. US gold futures rose 0.7% to $2,485.80. According to the chief market analyst at KCM Trade, Tim Waterer said that “there is profit taking place as traders try to assess how aggressive the Fed could become in September when it comes to the extent of the rate cut

.”

Spot silver held steady at $28.52 per ounce, platinum fell 0.5% to $953.25, and palladium was almost unchanged at $889.98.

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