Saturday, 2 March 2024

Gold prices decline on higher dollar, investors await central ‎bank meetings

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Gold prices fell on Monday, in light of the rise in the dollar and investors awaited a number of important central bank meetings, including the release of US inflation data this week on the path of interest rates.

Gold fell in spot transactions by 0.3%, reaching $1,997.16 per ounce by (05:14) GMT, while US gold futures fell by 0.1% to $2,013.20.

Silver also decreased in spot transactions by 0.1% to $22.94 per ounce, while platinum stabilized at $914.27, and palladium declined 0.9%, recording $938.68 per ounce.

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