Global Gold Prices Decline

SadaNews Economy - Gold prices fell today, Friday, after stronger-than-expected U.S. economic data boosted the dollar and overshadowed expectations for the Federal Reserve (the U.S. central bank) to cut interest rates, while traders are awaiting U.S. inflation data due to be released later today for further indicators.

Gold fell 0.2% in spot transactions to $3,741.71 per ounce as of 00:33 GMT, and it has risen 1.7% since the beginning of the week.

U.S. gold futures for December delivery remained unchanged at $3,772.20.

As for other precious metals, silver dipped 0.7% to $44.92 per ounce in spot transactions, platinum rose 0.6% to $1,538.15, and palladium increased 0.5% to $1,255.72.