Slight decline in gold prices as markets await inflation and interest rate trends
Gold prices dipped slightly in Asian market trading on Friday, as investors monitored market developments and assessed inflation indicators and interest rate trends. Spot gold prices fell 0.2% to $4,096.29 per ounce, but
Translated by Qiyas from السياسة — Original source
Gold prices dipped slightly in Asian market trading on Friday, as investors monitored market developments and assessed inflation indicators and interest rate trends.
Spot gold prices fell 0.2% to $4,096.29 per ounce, but are on track to post weekly gains of around 1.1%.
Meanwhile, U.S. gold futures for August delivery rose 0.1% to $4,094.10 per ounce.
On a monthly basis, the precious metal is poised to record gains exceeding 2.2%.
Other precious metals saw mixed performance: spot silver remained steady at $58.98 per ounce, while platinum fell 1.3% to $1,638.97, and palladium declined 0.2% to $1,301.94 per ounce.
