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Gold prices fell today, Thursday, as the dollar rose, while investors evaluate monetary policy signals issued by the Federal Reserve and its chair Kevin Warsh after the US central bank kept interest rates unchanged, while awaiting US inflation data to be released later today.
According to Bloomberg, the price of gold in spot transactions fell 0.7 percent to reach $2,039.26 per ounce, and US gold futures for December delivery settled at $2,051.
As for other precious metals, silver fell in spot transactions by 0.7 percent to reach $23.6 per ounce, the price of platinum fell 0.3 percent to reach $933.5, while the price of palladium rose 0.7 percent to reach $1,017.29.
Furthermore, the dollar stabilized today after the Federal Reserve kept interest rates unchanged, noting that the anticipated inflation data will influence future monetary policy decisions, leaving investors in a state of uncertainty regarding interest rate expectations.
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