Gold prices remained stable on Wednesday, as diminished risk premiums related to Middle East tensions were counterbalanced by the market's anticipation of upcoming U.S. economic data. This data is expected to provide key insights into the Federal Reserve’s future interest rate decisions. Spot gold closed flat at $2,322.09 per ounce by mid-afternoon, maintaining its position after dropping to its lowest level since April 5 in the previous session. Meanwhile, U.S. gold futures saw a slight decline, settling 0.2% lower at $2,338.40.
Posted: 2024-04-24 15:01:39.000000