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Gold prices stabilized today after heavy selling in the previous session, as traders digested the statements of global central banks regarding raising interest rates.
Reuters reported that gold rose in spot transactions 0.2 percent to 1916.31 dollars an ounce, after it fell 2 percent amid yesterday's selling, driven by the rise in the dollar and profit-taking, while US gold futures contracts did not witness a significant change, recording 1915.80 dollars.
As for other precious metals, silver rose in spot transactions by 0.3 percent to $ 23.5232 an ounce, while platinum fell 0.1 percent to $ 1020.51, and palladium increased 0.1 percent to $ 1655.60.
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