[11/December/2023]

LONDON December 11. 2023 (Saba) - Gold prices fell on Monday in light of the rise in the dollar, while investors await a number of important central bank meetings and the release of US inflation data this week to reveal more clues about the path of interest rates.

According to the CNBC Arabia website, gold in spot transactions fell 0.3 percent to reach $1,997.16 per ounce, while US gold futures fell 0.1 percent to $2,013.20.

The dollar rose 0.1 percent against competing currencies, making gold more expensive for holders of other currencies.

Regarding other precious metals, silver fell in spot transactions 0.1 percent to $22.94 per ounce, while platinum stabilized at $914.27 and palladium fell 0.9 percent to $938.68 per ounce.

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