Gold prices fall ahead of US inflation data


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Yemen News Agency SABA
Gold prices fall ahead of US inflation data
[10/ September/2024]
SINGAPORE - SABA : Gold prices fell on Tuesday, under pressure from a stronger dollar, while traders await key inflation figures in the United States that may provide hints on the size of the U.S. interest rate cut next week.

According to the news agency "Reuters", gold in spot transactions fell 0.1 percent to $ 2503.09 an ounce (ounce). While US gold futures settled at $ 2532.20.

The dollar hit a one-week high, making gold more expensive for holders of other currencies.

Among other precious metals, spot silver fell 0.3 percent to $28.27 an ounce. Platinum rose 0.5 percent to $942.45, and palladium rose 0.4 percent to $950.55.