Gold Prices Hold Steady in the Market

The gold price remained steady on Tuesday as investors considered the Federal Reserve's likely interest rate cut. However, they are also bracing for hints on whether the bank will adopt a slower easing cycle at its two-day meeting starting later today.

As of 02:31 GMT, the yellow metal was stable in spot transactions at $4186.99 per ounce. Meanwhile, U.S. gold futures for December delivery dropped by 0.1 percent to $4215.80 per ounce.

In terms of other precious metals, silver held steady at $58.10 per ounce. This comes after it reached its all-time high of $59.32 last Friday.

Platinum saw a 0.5 percent increase, reaching $1650.20. Similarly, palladium gained 0.4 percent, climbing to $1471.25.