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Gold prices fall for second consecutive session investors await US data
[Mon, 11 Nov 2024 17:19:43 +0300]
New York - Saba:
Gold prices fell on Monday, for the second consecutive session, as investors awaited economic data and comments from Federal Reserve officials this week for more clarity on the future direction of interest rates.
Gold in spot transactions fell 0.5 per cent to $2671.49 an ounce, and US gold futures fell 0.6 per cent to $2678.50 an ounce.
The dollar index rose slightly after gaining 0.6 per cent in the past week, mainly against the euro.
As for other precious metals, silver in spot transactions fell 0.4 per cent to $31.16 an ounce, platinum rose 0.6 per cent to $973.99 an ounce, and palladium added 0.9 per cent to $997.41 an ounce.
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