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Gold stabilizes before a meeting of the US central bank that could give clues to future trends in US and US interest rates, two key factors affecting precious metal prices
In the US market, after hitting a year – low of $ 1211.08 at the beginning of the month.
Gold futures in August fell 0.1% to settle at $ 1221.30 an ounce.
Gold denominated in dollars And the rise of the dollar since mid-April has led to a loss of about 10% in cash transactions.
The Federal Reserve is expected to maintain rates at its meeting that starts Tuesday and lasts for two days, interest is unchanged after the increase decided in June, but investors are looking for clues as to when the next increase.
Investors expect interest rates to rise again twice this year and three times next year
. In transactions at $ 15.52 an ounce, platinum rose 0.2% to $ 827 an ounce, and palladium rose 0.3% to $ 923.50 an ounce
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