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Gold stability after rising to the highest level in 9 months
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Economy News _ Baghdad
Gold prices settled, today, Wednesday, below the level of (1900) dollars, after hitting a nine-month high in the previous session due to the Ukrainian crisis, with investors focusing on accelerating inflation and anticipating central banks to tighten monetary policies.
And the spot gold price did not change much at (1898.81) dollars an ounce, as of (5:24) GMT, after recording its highest level since the first of June at (1913.89) dollars an ounce in volatile trading on Tuesday, and US contracts fell Gold futures (0.3) percent to (1901.00) dollars.
The United States, the European Union and Britain announced plans to target banks and elites, while Germany halted a major gas pipeline project from Russia.
Also, spot silver prices rose (0.5%) to (24.20) dollars per ounce, platinum rose (0.3%) to (1078.99) dollars, and palladium rose (0.2%) to (2352.47) dollars.
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