Gold drops ahead of US monthly inflation data

London-Sana

Gold prices fell today and are heading to record a weekly decline with the increase in Treasury yields, while investors are awaiting monthly inflation data in the United States, seeking indications of the future of the Federal Reserve's monetary policy.

And Reuters reported that gold fell in spot transactions 0.2% to $1844.78 an ounce, while US gold futures fell 0.3% to $1848.10.

And US Treasury yields increased for ten years, hurting the demand for non-yielding gold.

As for other precious metals, silver fell 0.1 percent in spot transactions to $21.63 an ounce, platinum fell 0.6 percent to $966.33, while palladium rose 0.7 percent to $1938.01, and the three are on their way to record a weekly decline.

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