Gold prices stabilize in today’s trading week steadily

Gold prices stabilize in today’s trading week steadily

gold price stable T near $ 1185 per ounce (an ounce), Tuesday, and maintained its gains Monday.

These gains and come under the appetite for buying the yellow metal as a safe haven, after Greece failed to conclude an agreement with its lenders.

The metal settled at $ 1185.6 an ounce by 0650 GMT, time, and had climbed 0.5 percent, Monday.

Gold moved in a narrow range, as investors awaited any indications from the Fed meeting (the US central bank), which starts later Tuesday.

The dollar rose in Asian trading Tuesday, with traders waiting for what will be interpreted by the meeting to infer the timing of raising interest rates, which at the moment is approaching from record lows.

And the inability of gold to achieve gains in recent months, as a result of the uncertainty about the timing of a rate hike, and silver fell 0.3 percent to $ 16.05 an ounce.

While platinum rose 0.3 percent to $ 1090.3, while palladium fell 0.2 percent to $ 733.85 an ounce in.

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