Gold futures stabilize ahead of US GDP data

21/12/2023 Argaam

Gold futures remained unchanged today, Dec. 21, amid investor anticipation of US GDP data for the third quarter.

 

Gold futures for February delivery stabilized at $2,047 per ounce at 10:15 am Makkah time.

 

Spot prices rose 0.14% to $2,034 per ounce, and platinum spot prices increased 0.54% to $969.68.

 

Meanwhile, silver futures for March delivery declined 0.23% to $24.58 per ounce.

 

Gold remains supported by the prospect of a global rate-cutting cycle, chiefly in the US, Reuters reported, citing Kyle Rodda, a financial market analyst at Capital.com.

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