16 January 2023

Gold Steadies Near 9-Month High

International and Arabic
  • GOLD

London, January 16 (QNA) - Gold prices steadied after climbing to their highest in nearly nine months on Monday, as a softer dollar and expectations of slower interest rate hikes from the U.S. Federal Reserve added to bullions shine.
Spot gold held its ground at $1,918.66 per ounce. Earlier in the session, prices hit $1,929 per ounce, a peak since late April.
US gold futures rose 0.1% to $1,923.20.
The dollar index slipped 0.3 %, making greenback-priced gold a more attractive bet.
Spot silver edged 0.5 % higher to $ 24.37, after hitting a near two-week peak. Platinum gained 0.1% to $1,065.46, while palladium slipped 1.2 % to $1,767.69. (QNA)


Economy, International
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