Gold Prices Drop Globally by More Than 1%

Gold prices fell by more than one percent today, Monday, amid easing trade tensions between the United States and China, while a stronger dollar added to the downward pressure.اضافة اعلان

According to Bloomberg News, spot gold dropped by 1.4% to $3,272.89 per ounce, while U.S. gold futures declined by 0.4% to $3,283.70 per ounce.

As for other precious metals, spot silver fell by 1.2% to $32.70 per ounce, platinum dropped by 0.6% to $965.70, and palladium decreased by 1% to $939 per ounce.

Gold prices had previously reached a record high of $3,500.05 on April 22 of this year.

— (Petra News Agency)