Gold prices decline slightly in early global trading today

  • Gold prices fell on global stock exchanges this morning, Monday, amid the rise of the dollar, and investors' anticipation of comments from US Federal Reserve officials, and the issuance of economic data to explore more evidence about the path of interest rates in the United States.

 

  • Spot gold fell 0.1% to $2,409.54 an ounce, while US gold futures fell 0.2% to $2,414.70.

 

  • The dollar rose on safety concerns following the assassination attempt on former US President Donald Trump, which increased his chances of winning the November election.

 

  • A stronger dollar makes gold more expensive for buyers with other currencies.

 

  • Markets are pricing in a 93% chance that the Fed will cut interest rates in September.

 

  • Gold is seen as a hedge against geopolitical turmoil, and the appeal of the non-yielding metal usually increases when interest rates are low.

 

  • As for other precious metals, the price of silver in spot transactions rose by 0.4% to reach $30.88 per ounce, while the price of platinum fell by 0.3% to reach $995.80 per ounce, and the price of palladium fell by 0.7% to reach $962.50 per ounce.

Share the topic with your friends on

Facebook
Twitter
WhatsApp
Telegram
LinkedIn
Email

Leave A Reply

Start trading!

If you want to start trading, contact us on WhatsApp now

You may also like

  The Solidarity Microfinance Foundation, which specializes in microfinance for women, announced the signing of an agreement with the Arab Bank...
  • June 29, 2025
Dr. Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, said that there are more than 150 Chinese companies operating in...
  • June 26, 2025


Subscribe to receive all new 

Please enable JavaScript in your browser to complete this form.