Gold Prices Drop Amid Anticipation of US Inflation Data
Qiyas summary
Gold prices fall as investors take profits and await inflation data.
Translated by Qiyas from السياسة — Original source
Gold prices fell on Tuesday as investors moved to take profits following the precious metal’s more than 1% rise in the previous session, while awaiting U.S. inflation data for clues on the Federal Reserve’s monetary policy trajectory.
Spot gold fell 0.6% to $4,115.12 per ounce by 0238 GMT, while U.S. December gold futures rose 0.2% to $4,123.90.
Among other precious metals, spot silver dropped 0.6% to $53.04 per ounce, platinum fell 0.3% to $1,571.70, and palladium declined 0.4% to $1,037.50.
