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Gold Prices Stabilize Following Fed’s Interest Rate Decision – January 30, 2025

Gold Prices Steady Following Federal Reserve’s Decision on Interest Rates

Baghdad

In the early hours of trading on January 30, 2025, gold prices demonstrated stability following the Federal Reserve’s recent announcement to maintain interest rates at their current level. This decision provides clear indications regarding the trajectory of U.S. monetary policy for the remainder of the year.

As of 04:49 Baghdad time, gold was trading at $2,761.79 per ounce in immediate transactions, while U.S. gold futures experienced a modest rise of 0.2 percent, reaching $2,774.50 per ounce.

Performance of Other Precious Metals

In addition to gold, other precious metals also noted slight gains. Silver prices in instant transactions advanced by 0.2 percent to $30.85 per ounce. Meanwhile, platinum saw a 0.7 percent increase, priced at $952.49 per ounce, and palladium rose by 0.5 percent, recording a value of $967.38 per ounce.

Summary of Precious Metals Prices

Metal Price (per ounce) Change (%)
Gold $2,761.79 N/A
Gold Futures $2,774.50 +0.2%
Silver $30.85 +0.2%
Platinum $952.49 +0.7%
Palladium $967.38 +0.5%

The current trends in precious metals reflect market responses to monetary policy dynamics and investor sentiment as the global economic landscape continues to evolve.

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