Gold prices stabilize near 2-week high

04/10/2021 Argaam

Gold prices stabilized on Monday, after rising to a two-week high in early trade, amid the statements of Federal Reserve officials, and in anticipation of the jobs report in America for September at the end of this wee

 

Gold futures contracts for December delivery settled at $1,758.70 per ounce at 09:35am Makkah time.

 

Spot price for the yellow metal fell 0.1% to reach $1,758.66 per ounce, after it recorded $1,765.54 per ounce in early trading - the highest level in two weeks.

 

Elsewhere, silver futures for December delivery rose 0.4% to reach $22.63 an ounce. Spot price for platinum delivery fell 0.5% to reach $972.55, while palladium decreased 0.3% to reach $1,898.50 per ounce.

 

The dollar index, which measures the performance of the US currency against a basket of six currencies, settled at 93.993 points.

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