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Gold prices stabilized on Tuesday, after touching their lowest level in over a month in the previous session, as investors await the Federal Reserve's decision on monetary policy.
According to Bloomberg News Agency, the price of gold in spot transactions did not change at $4300.96 per ounce, after recording its lowest level since August 7th on Monday.
As for other precious metals, the price of silver in spot transactions rose by 0.1 percent to reach $63.28, while the price of platinum decreased by 0.1 percent to reach $1757.46 and the price of palladium fell by 0.7 percent to reach $1283.61.
Meanwhile, oil prices rose today, and Brent crude futures rose by $1.24, or 1.18 percent, to reach $106.93 per barrel after rising by one percent earlier. West Texas Intermediate futures rose by $1.29, or 1.24 percent, to reach $102.65 per barrel, after rising by 1.3 percent in the previous session.
The dollar also rose slightly near its highest level in two weeks today, after rising oil prices increased Treasury yields and strengthened expectations that the Federal Reserve will raise interest rates this week.
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