Urgent – Gold in a week.. prices stabilize after the US Federal Reserve’s move

StabilizedGold prices Near the highest level in seven weeks, at the end of yesterday, Friday, with expectations of further cuts in interest rates next year after the US Central Bank violated monetary tightening bets in the market.

Gold fell in Instant transactions 0.2% To reach $4,275.44 per ounce by 02:36 GMT, but it is heading for a weekly gain of 1.8% after recording the highest level since October 21 yesterday, Thursday, while it declined US contracts Gold futures rose 0.2% to record $4,306.20.

Gold prices fell slightly last Thursday, as traders worked to evaluate the repercussions of the reductionInterest rate The US dollar increased by a quarter of a percentage point, while the price of silver rose to a new record level.

The price of gold in spot transactions decreased by 0.3% to 4217.09 Dollarper ounce by 11:11 GMT, while gold futures in the United States (February delivery) rose by 0.5% to $4,244.70 per ounce.

Before announcing interest rates DecreasedGold prices Wednesday, as investors took profits ahead of the Federal Reserve’s decision on interest rates, while silver approached record high levels.

It roseGold prices The day before the announcement, Tuesday, with continued optimism among traders ahead of the Federal Reserve’s decision (The US Central Bank) Concerning the interest rate).