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Gold prices stabilize amid expectations of a reduction in US interest rates

[01/07/2024 02:56]

LONDON – SABA
Gold prices stabilized in Asia in the early hours of Monday morning, supported by data showing a decline in inflation in the United States, which raised hopes that the US Federal Reserve will begin reducing interest rates this year.

Gold stabilized in spot transactions at $2,323.74 per ounce, and prices jumped more than 4 percent during the second quarter. US gold futures fell 0.3 percent to $2,333.