Gold Prices Hold Steady After Hitting Monthly High

Gold prices remained stable on Thursday after reaching their highest levels in over a month. This performance was bolstered by core inflation data from the United States, which strengthened expectations of interest rate cuts.

In the spot market, gold was trading at $2,696.30 per ounce, after hitting its highest level since December 12 earlier in the session. U.S. gold futures rose 0.3%, settling at $2,725.20.

For other precious metals, silver dipped 0.2% to $30.61 per ounce in the spot market. Palladium fell 0.3% to $958.50, while platinum remained steady at $938.25.