Kuwaiti company: Gold price stabilizes at 2,045 per ounce last week
KUWAIT, Jan 7 (KUNA) -- Gold price stabilize at the end of last week's trading to USD 2,045 per ounce, after achieving high of USD 2,060 per ounce amid the geopolitical and technical factors on the yellow metal, said Dar Al-Sabaek In the report released on Sunday by the company, the prices of gold futures contracts for delivery next February stabilized at USD 2,049 per ounce, ending a series of gains that lasted three weeks, as traders reset their bets on the first cut in the US interest rate.