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Gold Prices Are Flat Before The Fed

Adel 24 January, 2022 10:28 am Commodities, Forex Market, Market Update

Gold prices were little changed on Monday as investors awaited the US Federal Reserve meeting for clues about an interest rate hike, while concerns about inflation and the row between Russia and Ukraine kept gold’s safe-haven appeal intact.

And the price of gold settled in spot transactions at 1836.21 dollars an ounce.

US gold futures rose 0.3% to $1,836.80.

The Federal Open Market Committee of the US Federal Council is scheduled to meet on January 25-26.

While the price of silver in spot transactions fell 0.3% to $ 24.15 an ounce, palladium rose 0.8% to $ 2124.21 and platinum rose 0.4% to $ 1032.80.

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