Thursday, 25 July 2024

Gold prices decline ahead of Federal Reserve minutes release

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Gold prices fell today, Wednesday, as investors awaited the release of the minutes of the latest meeting of the Federal Reserve (the US central bank) regarding monetary policy, searching for new indicators about the possible timing of reducing interest rates.

By 0543 GMT, gold in spot transactions fell 0.3%, reaching $2,413.50 per ounce, while US gold futures contracts fell 0.4%, reaching $2,416.80 per ounce.

Silver decreased in spot transactions by 0.8% to reach $31.70 per ounce, while platinum rose 0.3% to reach $1049.55 per ounce, while palladium fell 0.8% to reach $1017.73 per ounce.

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