21 Hrs
Source:
Sharjah24
Gold dips ahead of US jobs data
Gold prices declined by 0.4% on Tuesday to reach $4,428.54 per ounce, as investors awaited U.S. labor market data such as job openings, employment figures, and non-farm payrolls, which will determine the direction of U.S. interest rates and impact the market. This comes after a slide from its highest level in over three months last week, amid concerns over the effects of tensions in the Middle East and expectations of interest rate hikes by the Federal Reserve. Meanwhile, other precious metals showed mixed performance, with silver decreasing and platinum rising, as investors awaited the upcoming U.S. inflation report.
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