[Thu, 19 Jun 2025 14:01:02 +0300]


Switzerland - Saba:

Gold prices stabilized in trading on Thursday, as the US Federal Reserve's cautious stance on interest rate cuts limited the precious metal's gains.

Spot gold settled at $3,374.51 per ounce, while US gold futures fell 0.4 percent to $3,391.70.

Gold is often viewed as a safe haven for preserving value during times of geopolitical uncertainty or financial turmoil.

The US Federal Reserve decided on Wednesday to keep interest rates unchanged, with expectations of a half-percentage-point cut during the year. However, monetary policymakers indicated a slower pace of future cuts.

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