Gold prices trim their gains after US interest rate cuts

Trimmed Gold prices gained following statements by US Federal Reserve Chairman Jerome Powell regarding the path of future monetary policy, despite the central bank’s reduction Interest rates increased by a quarter of a percentage point.
And Gold in spot transactions rose 0.3%, reaching $3,964.39 per ounce, after jumping 2% earlier in the session.
US gold futures for next December delivery closed at a rise of 0.4%, recording $4,000.7 per ounce.

Precious metal prices

As for other precious metals, silver rose in spot transactions. 1.7% to $47.82 per ounce.
Platinum rose 0.6%, recording $1,595.81, and palladium increased 1.9%, recording $1,420.05.

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