- Gold prices fell for the third day in a row during trading on Thursday, after the release of the minutes of the last meeting of the Federal Reserve, which showed a more hawkish outlook with the possibility of raising interest rates again.
- The most active June gold futures contract fell 1.1%, or $26.4, to $2,366.50 an ounce, while spot gold fell 0.69% to $2,362.35 an ounce.
- The dollar index, which measures the value of the US currency against a basket of six major currencies, settled at 104.86 points.
- The minutes of the Federal Reserve's last meeting yesterday showed that monetary policymakers are concerned about the slow pace of progress in containing inflation since the beginning of 2024, which raises the chances of continuing to maintain interest rates at high levels.
- As for other precious metals, silver contracts for July delivery fell by 2.54% to $30.695, while the spot platinum price fell by 1% to $1029.43 per ounce.
