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Raw material: fall of gold

04/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While U.S. economic data dampened expectations of an aggressive rate cut in November, gold prices fell on Thursday.

Spot gold was down 0.5% to $2,645.38 per ounce at 11:25 GMT, after reaching a record high of $2,685.42 last week. American gold futures lost 0.2% to $2,665.70. Non-performing bullion is a preferred investment in an environment of low interest rates as well as in times of geopolitical turmoil. Market attention is now on the report on non-farm jobs in the United States on Friday.

Spot silver fell 1.3% to $31.46, platinum fell 1.7% to $985.25, and palladium fell 2.2% to $991.79.

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