Gold prices stabilize amid anticipation of the Federal Reserve meeting

Gold prices stabilized on Tuesday, ahead of the Federal Reserve (the US central bank) meeting on monetary policy, and amid anticipation of the bank’s expectations regarding the path of interest rates in 2025.

Gold in spot transactions witnessed a slight change to $2,653.43 per ounce, while US gold futures contracts stabilized at $2,671.00.

As for other precious metals, silver in spot transactions fell by 0.2 percent to $30.47 per ounce, platinum by 0.7 percent to $929.05, and palladium by 0.3 percent to $944.59.