Gold prices stabilized in Asian trade on Tuesday with dealers to exercise caution amid political uncertainty in France, the Netherlands and weak data renewed concerns about the debt crisis of the euro area, prompting the precious metal for the drop to its lowest level inalmost three weeks in the previous session.
The price of gold for immediate transactions of $ 1637.19 an ounce,after it was dropped during a meeting Monday of $ 1619.31, its lowestlevel since the fourth of April.
And U.S. futures rose gold 0.36% to 1638.40 USD/Troy an ounce.
And will monitor the market closely for a meeting of the Open Market Committee Federal Reserve, which begins later on Tuesday to assess the position of the U.S. central bank regarding further monetary stimulus.
While the discount price of silver in online transactions at 30.80 dollarsan ounce, after it fell in the previous session to its lowest level in three months at 30.45 dollars.