This is What You Will Witness in Global Gold Prices

Gold prices fell today, Monday, as traders awaited more economic data from the United States. Reports from last week indicated that inflation is stabilizing, raising expectations that the Federal Reserve (the U.S. central bank) will move to cut interest rates later in the year. Gold in spot transactions decreased by 0.5 percent by 05:46 GMT, reaching $2,321.11 an ounce, while U.S. gold futures dropped by 0.6 percent to $2,335.30 an ounce. Silver in spot transactions fell by 1.4 percent to $29.13 an ounce, platinum decreased by 0.5 percent to $953.30, and palladium lost 0.1 percent to $889.21.