Stability of Gold Prices

SadaNews Economy - Gold prices stabilized today, Friday, while it is on track to achieve weekly gains, benefiting from the approval of U.S. President Donald Trump's tax cut and spending bill in Congress.

By 0029 GMT, gold remained stable in spot transactions at $3,328.36 per ounce, and the gains of the precious metal have reached 1.7% so far this week, while U.S. futures contracts for gold declined 0.1% to $3,337.90.

As for other precious metals, silver dropped by 0.3% in spot transactions to $36.73 per ounce, platinum increased by 0.8% to $1,378.30, and palladium rose by 0.1% to $1,137.94.