Gold prices stabilized today, Friday, supported by continued demand for safe havens fueled by tensions in the Middle East, while investors await the Federal Reserve’s monetary policy meeting scheduled for next week.
By 1322 GMT, gold in spot transactions fell 0.2% to $1,980.35 per ounce, while US gold futures fell 0.4% to $1,989.60.
The US Federal Reserve is scheduled to meet on October 31 and November 1, amid traders’ expectations that the Federal Reserve will leave interest rates unchanged.
As for other precious metals, silver fell 0.1% in spot transactions to $22.81 per ounce.
Platinum rose 0.4% to $903.95, and palladium increased 0.4% to $1,137.62.
The two metals are heading for weekly gains.
