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Wednesday, January 15, 2025

Reshaping Perspectives and Catalyzing Diplomatic Evolution

Gold is captive to discussions on the debt ceiling in the United States and the strength of the dollar

Investors are waiting for any indication on the direction that interest rates will take, as their rise increases the opportunity cost of owning gold that does not generate a return.

price movement

Gold fell 0.1% in spot trades to $1,973.38 an ounce at 0257 GMT, while US gold futures settled at $1,975.90 .

The dollar index maintained its level, making the yellow metal less attractive for foreign buyers.

As for other precious metals, silver fell 0.3% to $23.37 an ounce and platinum rose 0.1% to $1,049.38. Palladium also rose 0.5% to $1,453.16, according to Reuters data.

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More

Oil prices increase as Opec plus cuts production by 2.2 million barrels

Oil prices up as OPEC+ agrees 2.2 million-barrel-per-day extension of production cuts, amidst weak demand; gold holds steady ahead of US presidential election and potential Federal Reserve interest rate cuts
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Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on easternherald.com.

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