Gold prices stabilize on Friday

09/02/2024 Argaam

Gold prices were flat on Friday amid clam safe-haven demand.

 

Gold futures for April delivery kept flat at $2,047.10 per ounce at 11:25 am Makkah time.

 

Spot prices fell 0.12% to $2,032.16 and platinum spot prices declined 0.30% to $887.15 per ounce.

 

Meanwhile, silver futures for March delivery increased 0.53% to $22.76 per ounce.

 

Chances for the Fed to hold the interest rate steady in March's meeting increased to 82.5% compared with 36% on Jan. 9, while chances for interest-rate cut by 25 basis points declined to 17.5% compared with 60.8% a month before, according to CME FedWatch Tool.

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