Gold declines 0.3%
New York, February 12, 2017 – Gold prices declined today, Thursday, after the dollar rose following the release of jobs data for last January, which was stronger than expected. Expectations for a reduction in interest rates in the near term declined, while investors await inflation data scheduled to be released tomorrow, Friday, to obtain more monetary policy indicators.
Gold fell in spot transactions by 0.3% to $5,065.98 per ounce by 0318 GMT, while the last session’s trading ended with an increase of more than 1%.
US gold futures for April delivery also lost 0.2% to $5,087.30 an ounce.
As for other psychological metals, silver fell in spot transactions by 0.3% to $83.81 per ounce after rising by 4% yesterday, Wednesday.
The price of platinum fell 0.3% to $2,126.52 per ounce, while palladium rose 1.4% to $1,722.67.
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