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Gold stabilizes ahead of Trump-Xi talks
Gold prices remained stable at the start of Asian trading as the market awaited the outcome of the Trump and Xi summit in Washington and Beijing. This comes amid geopolitical tensions in the Middle East and a decline in U.S. Treasury yields. Spot prices stood at around $4,379 per ounce, with a slight decrease of 0.78% in December futures. The stability follows a weekly gain of 0.6%, supported by the Federal Reserve's decision to raise interest rates to a range of 3.75% to 4.0% and its commitment to tackling inflation. Meanwhile, market fundamentals continue to influence metals markets, which saw significant increases in silver and platinum.
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