Gold stabilized today, Wednesday, near its lowest levels in 3 months, rising 0.1% in spot transactions to hover close to its lowest point since March 16, at $1910 per ounce. U.S. gold futures remained steady at $1924.60 per ounce. Data released indicated that "the U.S. economy remains strong, which may prompt the Federal Reserve to raise interest rates again to curb inflation." As for other precious metals, silver rose 0.2% in spot transactions, while platinum fell 0.9% and palladium dropped 1.1%.
Gold Stabilizes Near Its Lowest Levels
Share
