Gold declines with anticipation of US data, and platinum rises to a historic level

Gold prices fell slightly today, Tuesday, as investors worked to reduce their positions ahead of the release of key US jobs data later in the day, which will provide clearer signals about the pace of interest rate cuts by the Federal Reserve in the coming months.

The price of gold fell in Spot transactions rose 0.6% to 4277.20 Other precious metals Platinum rose 1.3% to $1,805.85, its highest level since September 2011, while palladium fell 0.2% to $1,563.69, but remained close to its highest level in two months.

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