Gold falls as Middle East tensions ease, Trump inauguration awaited

Gold prices fell in early trading on Monday as tensions in the Middle East eased, dampening demand for safe-haven assets, while investors awaited the inauguration of US President Donald Trump and clarity on the policies of the next administration.

Spot gold fell 0.4% to $2,690.81 an ounce, according to Reuters.

The future path of US interest rates will depend on how serious the next administration is in implementing Trump’s political pledges.

As for other precious metals, spot silver fell 0.7% to $30.13 an ounce.

Palladium fell 0.3% to $944.25 an ounce, and platinum fell 0.2% to $940.05 an ounce.