Gold Declines Amid Falling Oil Prices and Easing Inflation Fears
Prices of gold, silver, platinum, and palladium fell today, Tuesday, amid a sharp drop in oil prices that helped ease inflation concerns.
Translated by Qiyas from السياسة — Original source
Gold prices fell on Tuesday, after rising more than 2% in the previous session, amid a sharp drop in oil prices that helped ease inflation concerns, as investors awaited the results of the U.S. midterm congressional elections.
Spot gold fell 0.5% to $3,926.52 per ounce, after prices had risen more than 2% to $3,954.41 in the previous session, following a one-year low recorded on Friday.
U.S. December gold futures declined 0.8% to $3,936.30.
Among other precious metals, spot silver fell 1.8% to $49.71 per ounce, platinum dropped 0.2% to $1,446.80, and palladium fell 1.4% to $953.64.
