Singapore - Saba:
Gold prices fell in early trading on Tuesday, affected by the easing of concerns about an escalation in the global tariff war, along with a rise in the U.S. dollar, as investors await new signals from the Federal Reserve regarding the path of interest rates.
The spot price of gold decreased by 0.2% to reach $3308.39 per ounce as of 00:24 GMT, after having touched its lowest level since July 9 in the previous session. U.S. gold futures also declined by 0.1% to $3306.20 per ounce.
The U.S. dollar index remained near its highest level in more than a week, increasing the cost of gold for buyers holding other currencies.
Silver in spot trading fell by 0.1% to $38.12 per ounce, platinum rose by 0.4% to $1395.75, and palladium dropped by 0.7% to $1237.88.
Gold prices fell in early trading on Tuesday, affected by the easing of concerns about an escalation in the global tariff war, along with a rise in the U.S. dollar, as investors await new signals from the Federal Reserve regarding the path of interest rates.
The spot price of gold decreased by 0.2% to reach $3308.39 per ounce as of 00:24 GMT, after having touched its lowest level since July 9 in the previous session. U.S. gold futures also declined by 0.1% to $3306.20 per ounce.
The U.S. dollar index remained near its highest level in more than a week, increasing the cost of gold for buyers holding other currencies.
Silver in spot trading fell by 0.1% to $38.12 per ounce, platinum rose by 0.4% to $1395.75, and palladium dropped by 0.7% to $1237.88.