Gold falls 0.6% and silver down 1.1%
Gold prices fell by 0.6% to reach $4,115.50 per ounce, after hitting their lowest level since October 15 at $4,104.33. Meanwhile, silver prices declined by 1.1% to $57.33 per ounce. This came during the start of Asian trading, amid a retreat in futures contracts and leakages about the volatility of the precious metal as investors await the U.S. interest rate decision. The current declines confirm that gold prices are under pressure from market fluctuations and expectations of a rate hike in the United States.
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