Gold futures rose above $4,200 per troy ounce for the first time since July 6, gaining more than 1 percent. Silver climbed 2.1 percent to $61.5 per troy ounce. Meanwhile, markets assess a 57 percent probability that the U.S. Federal Reserve will raise interest rates at its policy meeting on September 15-16.
Economy
Precious Metals Prices Stabilize as Gold Futures Rebound Above $4,200
Gold prices stabilized as traders weighed signs of progress in Middle East diplomacy.
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Gold prices declined but then stabilized
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Gold futures were below $4,200 per troy ounce
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Gold futures exceeded $4,200 per troy ounce for the first time since July 6
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Silver rose 2.1% to $61.5 per troy ounce
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Fed policy meeting expected
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