Money and business
Gold prices compensate some of their losses supported by US interest reduction expectations
Gold prices regained part of its losses yesterday, Wednesday, supported by expectations of reduction by the Federal Reserve, after the US economy shrinkled by 0.3% in the first quarter of 2025.
In immediate transactions, it decreased by 0.2% to 3308.32 dollars an ounce, with monthly gains by about 6%.
While the futures fell 0.4% to $ 3319.10, driven by increasing imports that affected the local product.
In immediate transactions, it decreased by 0.2% to 3308.32 dollars an ounce, with monthly gains by about 6%.
While the futures fell 0.4% to $ 3319.10, driven by increasing imports that affected the local product.
Prices of precious metals
As for other precious metals, silver in instant transactions decreased 1% to $ 32.64 an ounce.
Platinum fell 1.2% to 965.30 dollars, and palladium rose 0.3% to 937.75 dollars.
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