Global Gold Prices Decline

Gold prices fell on Thursday after the U.S. dollar strengthened following stronger-than-expected January jobs data, which reduced expectations of near-term interest rate cuts. Investors are now awaiting Friday’s inflation data for further indications on monetary policy.اضافة اعلان

In early Thursday trading, spot gold dropped 0.3% to $5,065.98 per ounce, after finishing the previous session up more than 1%.

U.S. April gold futures fell 0.2% to $5,087.30 per ounce.

Among other precious metals, spot silver declined 0.3% to $83.81 per ounce, after rising 4% on Wednesday.

Platinum fell 0.3% to $2,126.52 per ounce, while palladium rose 1.4% to $1,722.67 per ounce.

— Reuters