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10:58 p
Tuesday March 19, 2019
CAIRE –
NEW YORK (Reuters) – Gold prices rose Tuesday, hinting that the Federal Reserve would remain in a position to ease monetary policy at its meeting this week, Reuters reported.
Gold rose 0.3% to $ 1,077.12 an ounce, while the dollar fell near the two-week low reached in the previous session because of rising expectations at the US dollar. With respect to the US center.
Futures contracts in the US futures contract rose about 0.4% to $ 1,066.70.
Palladium has also reached record levels, with the threat of an export ban for certain metals in Russia adding to concerns over the supply of metal used for the auto. -stimulation.
Palladium rose 0.4% to $ 1589.83 an ounce around 6:42 GMT, after peaking at an all – time high of $ 1593.77 an ounce earlier in the session.
The price of metal, mainly used in catalytic converters, has almost doubled since mid-August and has increased by about 26% since the beginning of the year.
Russia, a major mineral producer, plans to ban exports of precious metals and scrap metals to promote local processing of materials, the agency said.
Will move to a more accommodative stance on monetary policy.
For other precious metals, the cash spot price of silver fell 0.4% to $ 15.38 an ounce, while platinum jumped 1% to $ 838.62 l & # 39; ounce.
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