Gold stability and silver and platinum decline

Gold prices stabilized today, Thursday, after its price in spot transactions reached $4,503.29 per ounce, and US gold futures contracts for April delivery lost 1.2 percent, reaching $4,500.

The pressure on gold increased with the price of crude oil exceeding $100 per barrel, and according to CME’s Fed Watch tool, the markets no longer expect any monetary easing from the Federal Reserve this year.

As for other precious metals, the price of silver in spot transactions fell 0.1 percent to $71.19 per ounce, platinum in spot transactions lost 0.7 percent to $1,906.90, and palladium fell 1.4 percent to $1,404.