Gold drops 0.5 percent in spot and US futures
Gold prices declined by 0.5% in both spot trading and U.S. futures contracts, influenced by the strengthening dollar and rising oil prices. Investors are closely watching upcoming U.S. inflation data, which will determine the direction of interest rate movements. Silver also dropped by 0.5%, while palladium remained steady at $1,148.15. Platinum, on the other hand, fell by 0.2%. Gold ended the session after reaching its highest level since early October, with other precious metals remaining at low levels, as the market anticipates volatility based on upcoming U.S. economic data.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)