Banking ReformsCommodities

Gold Prices Steady Amid Investor Focus on Federal Reserve Meeting

Stability in Gold Prices Amid Market Observations

On January 28, 2025, gold prices exhibited stability during trading sessions, as market participants remained attentive to the upcoming Monetary Policy meeting of the Federal Reserve. Investors are particularly interested in assessing the potential implications of President Donald Trump’s policies on economic sentiment.

As of 0530 Baghdad time, gold held its ground in spot transactions at $2,738.90 per ounce. This followed a more than one percent decline in prices experienced the previous day, attributed to a low-cost Chinese artificial intelligence model that prompted widespread selling across the market. In contrast, U.S. gold futures saw a slight uptick of 0.2 percent, reaching $2,743.10.

Performance of Other Precious Metals

The trends in other precious metals mirrored the general market sentiment, with silver experiencing a decline. Spot silver fell 0.4 percent to settle at $30.07 per ounce. Additionally, palladium dropped 0.4 percent to $957, and platinum also decreased by 0.4 percent to $943.35.

Metal Current Price (per ounce) Change (%)
Gold $2,738.90 N/A
Silver $30.07 -0.4
Palladium $957.00 -0.4
Platinum $943.35 -0.4

This version maintains the key information and data from the original article while ensuring clarity and a professional tone appropriate for a business and economics audience.

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