[Thu, 09 Jan 2025 16:49:07 +0300]


Singapore - Saba:
Gold prices retreated on Thursday, amid profit-taking after reaching their highest level in about four weeks in the previous session, amid anticipation of a jobs report due to be released tomorrow, Friday, in search of indications about the path the Federal Reserve (the US central bank) will follow regarding interest rates in 2025.

Gold fell in spot transactions by 0.1 percent to $ 2,659.62 per ounce, while US gold futures rose by 0.2 percent to $ 2,678.30.

Gold recorded its highest level in about four weeks in the previous session after a report came weaker than expected for private sector employment in the United States.

As for other precious metals, silver settled in spot transactions at $30.12 per ounce, platinum fell 0.3 percent to $952.95, and palladium fell 0.2 percent to $926.50.

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