Gold Holds Steady Ahead of US Inflation Data

  • International
  • 13 February 2024
1

Gold prices were little changed on Tuesday as investors refrained from making big bets ahead of a report on inflation in the United States that may provide a new perspective on when the first interest rate cut from the US Federal Reserve.

Spot gold settled at $2,018.71 an ounce, after briefly falling to a more than two-week low of $2,011.72 an ounce on Monday. U.S. gold futures were little changed and settled at $2,032.30 an ounce.

For other precious metals, spot platinum settled at $888.89 an ounce. Palladium rose 1.5 percent to $905.71. Silver rose 0.1 percent to $22.71.

Source (CNBC Arabia Website, Edited)

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