Gold is the highest level in a week

Media In-Agencies 18-12-2018

Gold prices have stabilized after touching their highest level in a week ahead of a key meeting of the Federal Reserve as the dollar remains under pressure from speculation that signs of economic turmoil could trigger a central pause in monetary tightening.
The FOMC meeting is expected to raise interest rates at its meeting, which begins later in the day and lasts for two days, but the focus will be on the 2019 Commission’s expectations.
Gold settled in spot trading at $ 1245.56 an ounce by 07:12 GMT, while prices touched their highest level since Dec. 11 at $ 1249 earlier in the session.
Gold futures in the US futures contract fell 0.2 percent to $ 1249.6 an ounce.
For other precious metals, silver settled at $ 14.66 an ounce, while platinum fell 0.6 percent to $ 789 an ounce.