Amman– Gold prices dropped in early trading today, Monday, as tensions in the Middle East eased, reducing demand for safe-haven assets.
Investors are also awaiting the inauguration of U.S. President Donald Trump and seeking clarity on the upcoming administration's policies.
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According to Bloomberg News, spot gold fell by 0.4% to $2,690.81 per ounce, while U.S. gold futures dropped by 0.5% to $2,734.90 per ounce.
Regarding other precious metals, silver declined by 0.7% to $30.13 per ounce, palladium fell by 0.3% to $944.25 per ounce, and platinum decreased by 0.2% to $940.05 per ounce.