Gold prices stabilized on Monday, September 18, as investors continued to take into account the US Federal Reserve’s possible halt to raising interest rates at its monetary policy meeting this week, with a focus on interest expectations in America.
By 00:56 GMT, gold prices in spot transactions settled at $1,924.29 per ounce, and US gold futures prices settled at $1,946.10 per ounce.
The Bank of England is likely to raise interest rates again this week, perhaps for the last time in one of the largest monetary policy tightening cycles in the last 100 years, as the economic slowdown begins to worry policymakers.
other metals
As for other precious metals, silver in spot transactions increased 0.3% to $23.07 per ounce.
Platinum rose 0.2% to $927.29 per ounce, and palladium settled at $1,248.73 per ounce.
