Gold prices on the Comex exchange have been moving up and down recently. Yesterday, gold ended the day slightly higher, with a gain of about 0.4%. Let’s break down what’s happening and what might affect gold prices today in simple, easy-to-understand terms.
U.S. economic data
Gold prices steady on hopes of US interest rate cut
Gold prices remain stable as the market eyes the Federal Reserve’s interest rate decision. US economic data releases are expected to provide more information. Traders anticipate interest rate cuts in the coming months. India’s platinum imports have increased due to loophole use. Silver fell, platinum fell slightly, palladium remained stable.