Gold Prices Continue to Decline as Investors Await U.S. Interest Rate Data

Amman – Gold prices continued their losses on Monday for the second consecutive session, as investors await economic data and comments from U.S. Federal Reserve officials this week, seeking more clarity on the future direction of interest rates. اضافة اعلان

According to Bloomberg News, spot gold dropped by 0.5% to $2,671.49 per ounce, while U.S. gold futures fell by 0.6% to $2,678.50 per ounce. 

As for other precious metals, silver fell by 0.4% in spot transactions, reaching $31.16 per ounce, while platinum rose by 0.6% to $973.99 per ounce, and palladium increased by 0.9% to $997.41 per ounce.