Gold prices slightly lower despite US dollar fall

30/08/2022 Argaam


Gold prices fell slightly today, Aug. 30, despite a decline in the US dollar amid forecasts that the US interest rate hike would continue for long time.

 

Investors are still anticipating the US jobs report that will be issued next Friday.

 

Gold futures for December delivery inched down 0.11% to $1,747.7 an ounce, while spot prices dropped 0.14% to $1,734.69 an ounce at 11:51 am Makkah time.

 

Silver futures declined 0.19% to $18.64 per ounce, and spot prices were flat at $866.82. Meanwhile, palladium prices stabilized at $2,147.25.

 

The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell 0.33% to 108.479 points.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.