Gold prices stabilize ahead of expected central bank meetings this week

Gold prices stabilized today, ahead of expected central bank meetings this week that could provide insights into the global economy and monetary policy prospects, but the metal, which is considered a safe haven, is heading for its best monthly performance in almost a year.

Gold in spot transactions fell 0.1 percent to $1,994.15 per ounce. US gold futures fell 0.1 percent to $2,003.60.

As for other precious metals, silver fell in spot transactions 0.6 percent to $23.17, and platinum fell 0.1 percent to $928.58, but both are heading for monthly gains. Palladium fell 0.3 percent to $1124.69 and is heading for a decline of more than nine percent this month.

QNA

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