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Post by : Shakul
Gold prices remained steady near the $5,000 mark as investors adopted a cautious stance ahead of the upcoming policy decision by the US Federal Reserve.
Spot gold slipped slightly by 0.4% to around $4,984 per ounce, while US gold futures also recorded a similar decline. Market participants are closely watching signals from the central bank regarding potential interest rate cuts, which could influence the direction of bullion prices.
Other precious metals also saw declines, with silver dropping over 1%, while platinum and palladium recorded moderate losses. The broader metals market remains sensitive to interest rate expectations and global economic uncertainty.
Analysts suggest that gold continues to trade near historic highs due to its safe-haven appeal amid geopolitical tensions and volatility. The Federal Reserve’s policy outlook will play a key role in determining whether gold sustains its current levels or experiences further fluctuations.
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