Gold prices were flat on Tuesday, as cautious market participants awaited fresh cues from top central banks on their monetary policy plans, especially from the US Federal Reserve.
Spot gold was unchanged at $1,983.29 per ounce. US gold futures fell 0.1% to $1,991.00.
Spot silver fell 0.4% at $24.87 per ounce. Platinum lost 0.1% to $1,048.34 while palladium edged 1% higher to $1,466.36.
The Fed, which meets on May 2-3, is widely expected to raise interest rates by 25 basis points. The European Central Bank is also likely to increase its rates for the seventh straight meeting on Thursday. (QNA) “We are bullish on silver as industrial demand for it is going to be high in 2023. Prices could hit $32 this year,” Kedia added.
Source: Qatar News Agency