Gold prices stabilize as U.S. elections await.

Amman – Gold prices stabilized today, Monday, as investors awaited the outcome of the U.S. presidential elections and the potential for further interest rate cuts.اضافة اعلان

According to Bloomberg News, the price of gold in spot transactions rose by 0.1% to reach $2,738.29 per ounce, while U.S. gold futures remained steady at $2,747.50.

The CME Group's "FedWatch" tool indicates that economists expect with 98% certainty that the Federal Reserve will cut interest rates by a quarter percentage point this week.

Regarding other precious metals, silver prices in spot transactions rose by 0.4% to $32.54 per ounce, platinum fell by 0.1% to $991.72, while palladium increased by 0.1% to $1,108.36.