Gold prices remained stable in Monday trading, hovering near their lowest levels in about two weeks, as investor risk appetite improved following the announcement of a framework trade deal between the U.S. and the European Union — reducing demand for safe-haven assets.
Spot gold held at $3339.28 per ounce, after hitting its lowest level since July 17. U.S. gold futures settled at $3340.00 per ounce.
Washington and Brussels had reached a framework trade agreement that includes imposing 15% tariffs on most European goods — half the rate previously threatened by the U.S.
Source (CNBC Arabia Website, Edited)
