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Find all the economic and financial information on our Orishas Direct application to download on Play StoreGold prices remained stable at the start of the week. Investors are waiting for the US inflation numbers expected this week to reinforce their bets on the extent of a likely reduction in interest rates from the Federal Reserve.
Spot gold held steady at $2,497.25 per ounce as of 0305 GMT. US gold futures rose 0.1% to $2,526.10. According to Tim Waterer, Chief Market Analyst, KCM Trade, gold was content to drift near the $2,500 level before the risk of a key event in the form of the CPI this week and if the results are lower than expected, a stronger story will play out for gold. Silver rose 0.3% to $27.99 per ounce, platinum rose 1% to $930.75 and palladium rose 0.7% to $916.90
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