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Metals: gold falls

12/02/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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After reaching an all-time high in the previous session on global trade war fears triggered by US President Donald Trump's new tariffs, gold fell on Wednesday.

US gold futures fell by 0.3% to $2,923.40. Spot gold fell 0.1% to $2,895.23 per ounce at 0033 GMT after climbing a peak of $2,942.70 on Tuesday. Bullion is seen as a hedge against inflation, but rising interest rates are reducing the appeal of this non-yielding asset

.

Spot silver fell 0.1% to $31.78 per ounce, while platinum gained 0.1% to $984.50 and palladium strengthened 0.3% to $984.50 and palladium strengthened 0.3% to $978.77.

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