Gold Falls as Dollar Rises Amid Anticipation of US Inflation Data
Qiyas summary
Gold dropped 0.7 percent to $4,039.26 per ounce, with futures stable, as markets await inflation data following the decision to keep interest rates unchanged.
Translated by Qiyas from السياسة — Original source
Gold fell 0.7 percent in spot trading to $4,039.26 per ounce on Thursday, as the dollar rose and investors awaited U.S. inflation data following the Federal Reserve’s decision to keep interest rates unchanged.
By 00:44 GMT, spot gold had dropped 0.7 percent to $4,039.26 per ounce, while U.S. December gold futures settled at $4,051.
Among other precious metals, silver fell 0.7 percent to $53.60 per ounce, platinum declined 0.3 percent to $1,533.50, and palladium rose 0.7 percent to $1,017.29.
