Gold prices were largely stable on Thursday after hitting a nearly two-week high in the previous session, as market participants assess the likelihood of the Federal Reserve cutting interest rates in December, amid mixed signals from the U.S. central bank.
As of 02:00 GMT, spot gold fell 0.2% to $4154.09 per ounce. U.S. gold futures for December delivery also fell 0.3% to $4151.20 per ounce.
Brain Lan of Gold Silver Central, according to Reuters, stated: “At the moment, it is not clear what they will do next, and gold is holding up before the period leading up to the (Federal Reserve meeting) that begins this week.”
