Gold prices fall below $4,000…and silver declines 4.8%

Gold prices fell below $4,000 per ounce today, with the decline in demand for safe havens amid hopes of a decline in trade tension between The United States and China, as traders await the Federal Reserve meeting (The US Central Bank) regarding monetary policy this week.

Gold declined in spot transactions (2.9%) to ($3,990.89) per ounce, while US gold futures contracts for December delivery fell (3.2%) to ($4,005.20) per ounce.

As for other precious metals, the price of silver fell in transactions. Spot (4.8%) to ($46.28) per ounce, platinum fell (1.1%) to ($1587.92), and palladium (2.6%) to ($1391.34).

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