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Gold: price stability

08/12/2023
Source : ORISHAS FINANCE
Categories: Raw materials

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At the end of this week, gold prices remained stable. They are eagerly waiting for crucial US employment data to get more clues to the monetary policy decision

.

U.S. gold futures remained stable at $2,043.70. Spot gold was stable at $2,027.39 per ounce at 0951 GMT. Bullion, however, has fallen by nearly 1.5% for the week so far. Bullion reached an all-time high of $2,135.40 on Monday on high bets of a rate cut by the Fed, before falling by more than $100 on uncertainty about the timing of the

cut.

Cash silver lost 0.2% to $23.73 per ounce, while platinum gained 1.3% to $918.84. These two metals are on track to experience weekly declines. Palladium rose 0.6% to $975.81, but is expected to record a

second weekly loss.
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