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Gold prices decline globally amid Middle East tensions
Gold prices declined during today’s trading due to ongoing geopolitical tensions in the Middle East, with no indicators of the conflict easing. The spot price per ounce dropped by 0.6% to reach $4,034.42. Meanwhile, August gold futures fell by 0.3% to $4,039.90. Other precious metals also experienced declines, with silver dropping by 1.1% to $57.14 per ounce, platinum decreasing by 0.6% to $1,664, and palladium falling by 0.3% to $1,309.86 per ounce.
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