Gold slips to $4,421.04 per ounce
Gold prices today declined to $4,421.04 per ounce, following a strong employment report in the United States that boosted expectations of the Federal Reserve raising interest rates again. Investors are also awaiting significant inflation data to gain insights into future monetary policy. Other precious metals also fell: silver dropped by 0.2% to $66.06 per ounce, platinum rose by 0.3% to $1,825.21, and palladium increased by 1.1% to $1,401.84. This decline reflects market tension due to expectations of interest rate hikes and the impact of U.S. economic reports, as investors await the Federal Reserve's decisions.
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