Gold declines from its weekly peak under pressure from the dollar and anticipation of US data
Gold prices fluctuated Tuesday evening, declining from a peak of more than a week, under pressure from the dollar, while investors awaited a set of US economic data that may help clarify the path of interest rates.The price of gold in spot parameters increased by 0.2%, reaching $4,130.51 per ounce by 11:40 GMT, after rising by more than 2% in the previous session, while gold futures contracts in the United States (December delivery) rose by 0.8%, reaching $4,127.40 per ounce.
And in other precious metals, the price of silver declined in spot transactions. 0.3% to $51.24 per ounce, platinum settled at $1543.59, and palladium lost 0.1% to $1394.32.
On the other hand, Interest rates in December by 81%.
This came after Federal Reserve Board member (US Central Bank), Christopher Waller, said yesterday, Monday, that the labor market has become more fragile enough to justify another cut by a quarter of a percentage point (25 basis points) next December, although taking further steps will depend on the incoming data.
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