Gold dips before U.S. inflation report
Gold prices declined today as the release of American inflation data approached, dropping by 0.3% to $4,330.46 per ounce in spot trading, after reaching the highest level since June 17. This decrease followed a previous rise in prices after weaker U.S. non-farm employment data, which heightened market anticipation regarding the Federal Reserve's future interest rate decisions. Other precious metals experienced slight fluctuations: silver increased by 0.3% to $63.77, platinum rose by 0.2% to $1,748.80, while palladium fell by 1% to $1,364.55.
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