Gold and other precious metals expect weekly losses

Capitals, July 10, WAM/ There was little change in gold prices at the beginning of today’s trading, at a time when the markets were assessing the risks of inflation, while renewed expectations of an interest rate hike pushed gold prices towards a weekly decline.

The price of gold in spot transactions stabilized at $4,122.09 per ounce, heading towards a weekly loss of more than one percent.

US gold futures for August delivery fell 0.2 percent to $4,131.50.

As for other precious metals, silver fell in spot transactions 0.1 percent to $59.94 per ounce, and platinum rose 0.2 percent.

percent to $1,614.22, and palladium increased 0.4 percent to $1,252.75. The three metals are heading for a weekly loss.

-Except-

• For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and