Gold Prices Steady Amid Anticipation of U.S. Interest Rate Signals

The gold market remained relatively stable on Friday as traders anticipated further indications concerning U.S. interest rate trajectories. Despite the recent 25 basis point rate cut and hints at potential monetary easing in the months ahead, investor expectations have not been fully satisfied.

At 0311 GMT, spot gold was steady at $3646.23 per ounce. On the previous day, the precious metal had reached a record high of $3707.40 per ounce. Meanwhile, U.S. gold futures for December delivery held firm at $3678.90 per ounce.

In the realm of other precious metals, silver saw a 0.7 percent rise in spot trading, reaching $42.11 per ounce. Platinum experienced a slight gain of 0.2 percent, bringing it to $1386.10 per ounce.

Palladium increased by 0.6 percent to $1157.49 per ounce, although it is trending towards a weekly loss of 3.3 percent thus far.