[Fri, 09 Aug 2024 18:05:30 +0300]

LONDON August 09. 2024 (Saba) - Gold prices fell today heading to record a weekly decline as investors await more indicators to predict the size of the possible decline in US interest rates in the coming September.

Reuters reported that gold fell in spot transactions 0.2 percent to $ 2421.31 an ounce after rising more than one percent yesterday.

The precious metal is heading for its biggest weekly loss since the seventh of last June, after falling about three percent last Monday, and investors worked to adjust their positions in conjunction with a broader sell-off in shares. U.S. gold futures fell 0.1 percent to $2,460.80.

As for other precious metals... Spot silver rose 0.3 percent to $27.66 an ounce, and platinum rose 0.7 percent to $937.65.

However, the miners are heading for weekly losses, while palladium rose 0.8 percent to $930.08 and is heading for a weekly rise of 4.4 percent.

Z.E

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