Gold stabilizes near $5,100 with anticipation of the US interest rate announcement
Gold prices stabilized to remain near the level of $5,100 per ounce, today, Tuesday, as uncertainty over the policies of US President Donald Trump prompted investors to search for a safe haven in the precious metal.
And record The price of gold in spot transactions rose by 1.2% to $5,073.52 per ounce by 11:55 GMT, while US gold futures (February delivery) fell by 0.2% to reach $5,071.20 per ounce.
The total amounted to Gold gains 18% so far in 2026, boosting its profits for the second year in a row, due to continued demand for safe-haven assets amid geopolitical and economic uncertainty, expectations of lower US interest rates, and aggressive purchases by central banks.
In other precious metals, the price of silver rose 7.4% to reach $111.59 an ounce, after hitting a record level of $117.69 on the day Monday, recording gains of more than 50% so far this year.
Meanwhile, platinum fell 3.1% to $2,673.50, while palladium rose 2.2% to $2,025.60.
Markets are currently focused on the bank meeting The Federal Reserve which begins on Tuesday, is expected to keep interest rates steady at their current levels, while investors also await news about the successor to central bank Chairman Jerome Powell, whose term ends next May.
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