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Precious metals: fall in the price of gold

28/08/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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E Due to the rising dollar, the price of gold fell on Wednesday, while investors are waiting for a key US inflation report scheduled for this week for get more clarity on the extent of a likely reduction in interest rates in September.

Spot gold fell by 0.4% to $2,514.11 per ounce at 3:13am GMT. Bullion hit a record $2,531.60 on August 20. US gold futures were down 0.2% to $2,549.00. The short-term trend for gold remains strong, with the potential to reach new highs.

Spot silver fell 0.7% to $29.78 per ounce, platinum rose 0.3% to $956.00, and palladium fell 0.4% to $966.40 per ounce, and palladium fell 0.4% to $966.40.

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