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Gold: falling prices

28/10/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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While investors await U.S. economic data for new information on monetary policy from the Federal Reserve, the price of gold fell on Monday due to the firm U.S. dollar.

US gold futures fell by 0.3% to $2,745.5. Spot gold fell 0.5% to $2,733.01 per ounce at 0232 GMT. Gold hit a record high of $2,758.37 on Wednesday, boosted by demand for safe havens due to

geopolitical uncertainties.

Spot silver was down 0.9% at $33.39 per ounce and platinum fell 0.1% to $1,022.20. Palladium lost 0.3% to $1189.27 after reaching a 10-month high in the previous session

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