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Gold: price stability

04/12/2024
Source : ORISHAS FINANCE
Categories: Raw materials

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Le prix de l' or s' est stabilisé mercredi, tandis que les marchés attendent les données sur l' emploi aux United States and comments from Federal Reserve Chairman Jerome Powell to learn more about the trajectory of reduction in American interest rates.

US gold futures fell by 0.1% to $2,666.40. Spot gold held steady at $2,644.42 per ounce, starting at 2,0203 GMT. According to Kelvin Wong, OANDA's senior market analyst for Asia-Pacific, the main factor behind gold's lackluster move is that markets anticipated a much weaker US rate reduction cycle for

2025.

Spot silver rose 0.1% to $31.06 per ounce, platinum fell 0.2% to $951.90, and palladium lost 0.3% to $968.89 per ounce.

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