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Gold prices drop

2021-07-27T09:19:10.730Z


London, SANA- Gold declined today with the rise of the dollar, while investors focus on the Federal Reserve meeting


London-Sana

Gold fell today with the dollar's rise, while investors' attention is focused on the US Federal Reserve's meeting this week to elicit evidence of when the central bank will begin to scale back its monetary easing policies.

Reuters reported that the spot price of gold was down 0.1 percent to $1794.68 an ounce, and US gold futures fell 0.3 percent to $1793.60.

The dollar rose 0.1 percent, which increases the cost of gold to holders of other currencies.

As for other precious metals, silver settled at $25.16 an ounce, palladium fell 0.5% to $2644.19, and platinum fell 0.6 percent to $1057.50 an ounce.

Source: sena

All business articles on 2021-07-27

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