Gold: Gold prices fell on Monday for a second consecutive session as investors awaited US economic data and comments from Federal Reserve officials this week for more clarity on the future direction of US interest rates. Spot gold dropped 0.5% to $2,671.49 per ounce. US gold futures fell 0.6% to $2,678.50. According to Qatar News Agency, alongside gold, spot silver also experienced a decline, dropping 0.4% to $31.16 per ounce. In contrast, platinum rose 0.6% to $973.99, and palladium climbed 0.9% to $997.41. These fluctuations in precious metal prices come amid anticipation of upcoming US economic indicators that could potentially influence Federal Reserve policy decisions. Investors are keenly observing these developments for insights into future interest rate adjustments.
Gold Prices Decline for Second Straight Session as US Data Looms.
Advertisement
Recent Posts
Qatar-Iran Business Council Seeks to Strengthen Economic Ties
December 12, 2024
Real Estate Trading Volume Surpasses QR 239 Million in a Week
December 12, 2024
Gulf Cup: Qatar Introduced Half of the Tournament’s Trophy Designs
December 12, 2024
Gulf Cup in Kuwait: A Crucial Stage for World Cup Qualifier Preparations
December 12, 2024
Gulf Cup in Kuwait: A Crucial Stage for World Cup Qualifier Preparations
December 12, 2024
Kylian Mbappe Sidelined Over Left Thigh Injury, Real Madrid Confirms
December 12, 2024