Gold Prices Steady, Oil Rises Globally

Gold prices held steady on Monday as investors awaited a widely expected decision by the U.S. Federal Reserve to cut interest rates this week.

Spot gold remained unchanged at $3,642.65 per ounce.اضافة اعلان

According to Bloomberg, U.S. gold futures for December delivery fell 0.2 percent to $3,680.20.

As for other precious metals, silver edged up 0.1 percent in spot trading to $42.20 per ounce, platinum rose 0.5 percent to $1,397.59, and palladium gained 0.2 percent to $1,197.88.

Meanwhile, oil prices maintained their gains as investors monitored U.S. fuel demand growth.

Brent crude futures rose 3 cents to $67.02 a barrel, while West Texas Intermediate (WTI) crude futures climbed 8 cents to $62.77 a barrel.

Both benchmarks had gained more than 1 percent last week.