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Gold prices fall

2022-05-11T08:06:32.835Z


London, SANA- Gold prices touched their lowest level in three months, after the rise of the dollar kept prices low in the region


London-Sana

Gold prices touched a three-month low after the dollar's rally kept prices low, while investors awaited US monthly inflation data.

Reuters reported that the price of gold consolidated in spot transactions at $1838.55 an ounce, after it fell to its lowest level since the 11th of last February, earlier in the session, as the relatively high dollar reduced the attractiveness of gold to buyers abroad.

US gold futures fell 0.2 percent to $1836.60 an ounce.

As for other precious metals, silver increased in spot transactions by 1.1 percent to $21.48 an ounce.

Platinum rose 1.1 percent to $974.56 an ounce.

Palladium rose 0.2 percent to $2069.97 an ounce.

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Source: sena

All business articles on 2022-05-11

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