International gold prices stabilized on Monday, near their lowest level in three weeks, as traders awaited US inflation data for the month of December.
Traders believe that expectations that the Federal Reserve will raise interest rates soon may boost the prices of the yellow metal, after the recent announcement of weak employment data in the United States .
US Treasury yields rose last week, after the Fed meeting minutes, which indicated a rate hike sooner than expected and the possibility of the Federal Reserve reducing its balance sheet at a later date. Closer than many expected.
There was little change in the price of gold in spot transactions, recording $1,795.11 an ounce, after falling to its lowest level since December 16 at $1,782.10 last Friday.< /p>
The price of gold in the US market fell 0.2% to $ 1794.00.
In other precious metals markets, the price of silver stabilized unchanged at $22.29 an ounce, and the price of platinum rose 0.1% to $956.10 an ounce, while palladium declined 0.3% to 1927.25 dollars an ounce.
