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Gold Prices Stabilize Amid Awaited Clues on US Interest Rate Outlook

Sana'a: Gold prices stabilized on Friday amid awaited clues on the path of US interest rates after the US Federal Reserve (the central bank) hinted at a gradual reduction in borrowing costs over the coming months. Spot gold stabilized at $3,647.75 per ounce. US gold futures for December delivery rose 0.1 percent to $3,681.20. According to Yemen News Agency, as for other precious metals, spot silver rose 0.2 percent to $41.88 per ounce. Platinum fell 0.2 percent to $1,381.69, while palladium rose 0.5 percent to $1,155.98.