Global Gold, Silver, and Oil Prices Decline as Dollar Remains Stable

Global prices of gold and silver fell on Wednesday amid a wave of profit-taking following their recent gains.

According to Bloomberg, spot gold slipped 0.7 percent to $4,466.19 per ounce, while U.S. gold futures for February delivery declined 0.4 percent to $4,477.30.اضافة اعلان

Among other precious metals, spot silver fell 1.2 percent to $80.34 per ounce, platinum dropped 2.9 percent to $2,373.00 per ounce, and palladium declined 2.5 percent to $1,777.22 per ounce.

Meanwhile, oil prices also fell on Wednesday after both U.S. West Texas Intermediate (WTI) crude and Brent crude dropped by more than one dollar in the previous trading session.

U.S. WTI crude fell by 78 cents to $56.35 per barrel, while Brent crude futures declined by 61 cents to $60.09 per barrel. Forecasts point to ample global supply this year.

In contrast, the U.S. dollar held steady in thin trading on Wednesday, as most currencies weakened in early Asian trading.

(Petra)