Amman– Gold prices stabilized on Thursday, after reaching their highest levels in more than a month, as core inflation data in the United States boosted expectations for an interest rate cut.
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According to Bloomberg, gold in spot transactions was priced at $2,696.30 per ounce.
U.S. gold futures rose by 0.3%, reaching $2,725.20 per ounce.
As for other precious metals, silver dropped by 0.2% in spot transactions, trading at $30.61 per ounce, while palladium decreased by 0.3% to $958.50.
Platinum remained steady at $938.25.