[Fri, 09 Aug 2024 18:05:30 +0300]

LONDON August 09. 2024 (Saba) - Gold prices fell today heading to record a weekly decline as investors await more indicators to predict the size of the possible decline in US interest rates in the coming September.

Reuters reported that gold fell in spot transactions 0.2 percent to $ 2421.31 an ounce after rising more than one percent yesterday.

The precious metal is heading for its biggest weekly loss since the seventh of last June, after falling about three percent last Monday, and investors worked to adjust their positions in conjunction with a broader sell-off in shares. U.S. gold futures fell 0.1 percent to $2,460.80.

As for other precious metals... Spot silver rose 0.3 percent to $27.66 an ounce, and platinum rose 0.7 percent to $937.65.

However, the miners are heading for weekly losses, while palladium rose 0.8 percent to $930.08 and is heading for a weekly rise of 4.4 percent.

Z.E

Facebook

Whatsapp

Telegram

Email

Print

more of (Economy)

U.S. economy contracts in Q1 amid rising imports European stocks close higher Russia: Free trade agreement between Moscow, Tehran to enter into force next month Iraq prepares to launch global investment forum in early June European Union is considering reducing its purchases of American weapons Gold rebounds on buying despite hopes for U.S-China trade deal IMF: US recession risks increase EU Plans Roadmap to Abandon Russian Energy Resources Gold prices deepen losses, dropping below $3,300 per ounce Muscat Stock Exchange Index closes lower