Publisher: Maaal International Media Company
License: 465734
Sunday, 8 June 2025
Gold prices fall on dollar strength, ahead of US inflation data
Gold prices fell on Wednesday, pressured by a stronger dollar, as investors await a key US inflation report due this week for clues on the size of a potential interest rate cut in September.
Spot gold fell 0.7% to $2,507.64 an ounce.
US gold futures fell 0.4% to $2,542.80.
In other precious metals, spot silver fell 1.2% to $29.63 an ounce, platinum fell 0.3% to $950.80, while palladium fell 0.8% to $962.11.
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