Gold drops ahead of US inflation data
Gold prices fell today by 0.7 percent to reach $4,298.75 per ounce amid widespread selling and expectations of a U.S. interest rate hike, while gold futures declined by 0.9 percent to $4,323.90. Other precious metals also decreased, with silver plunging by 3.2 percent to $65.98 per ounce, platinum dropping by 1.1 percent to $1,736.08, and palladium falling by 2.5 percent to $1,234.93. These moves come in anticipation of the upcoming U.S. inflation data scheduled for later this week.
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