10 Hrs
Source:
AL24 News
Gold falls on profit-taking and rate decision anticipation
Gold prices declined today due to profit-taking as investors awaited the U.S. Federal Reserve's decision on interest rates, with expectations of keeping rates unchanged in September. The spot gold price fell by 0.5% to $4,330.37 per ounce, while December U.S. futures decreased by 0.8% to $4,386.80. This dip followed gold reaching its highest level since June, while other precious metals like silver, platinum, and palladium also declined in line with the anticipation of the direction of U.S. monetary policy.
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