Gold prices in global markets declined in tandem with the rise of the dollar and the evaluation of markets regarding potential interest rate cuts in the United States. Futures contracts for the yellow metal dropped by 0.10% to $2429.20 per ounce, while spot contracts fell by 0.06% to $2389.49 per ounce. Additionally, silver futures decreased by 0.83% to $26.99 per ounce, according to Bloomberg data. This decline coincides with the rise of the dollar, as the U.S. dollar index, which measures its value against a basket of major currencies, increased by 0.14% to 103.1090 points.
Gold Prices Fall Amid Rising Dollar
Share
