Stability of “yellow metal” prices

Gold prices stabilized in Asian transactions today, as investors refrained from major bets before the Federal Reserve’s decision on monetary policy was issued, while closely monitored the developments of the Israeli -Iranian conflict.

Gold settled in instant transactions at $ 3388.04 an ounce by 0341 GMT.

There was no significant change in US gold futures contracts, which recorded $ 3406.50.

“The price of gold fluctuating with investors focus on growing risks in the Middle East. After the weak American reports of retail, housing and industrial production sales, the motives for the Federal Reserve Reduction are reinforced by interest rates later this year.”

It is widely expected that the US Central Bank will keep interest rates unchanged at the end of its meeting later in the day.

For other precious metals, silver in instant transactions decreased 0.1 percent to $ 37.22 an ounce, platinum rose 0.3 percent to $ 1266.04, and palladium increased 0.3 percent to $ 1054.63.