Gold prices stabilized on Wednesday ahead of the release of important US inflation data, which may help determine the path of interest rates that the Federal Reserve will take, amid trade tension and fears of an economic slowdown.
The price of gold settled in spot transactions at $2915.65 an ounce, and US gold futures settled at $2915.65 an ounce. Gold is moving within a "consolidation pattern" ahead of the next batch of US inflation data.
Source (Al-Arabiya.net Website, Edited)
