Gold Declines amid the Rise in the Dollar and Anticipation of the Federal Reserve’s Interest Rate Decision

  • International
  • 27 January 2025
1

Gold prices fell during early Asian trading on Monday as the dollar rose, as investors await the interest rate decision that will be issued by the first meeting of the Federal Reserve (US central bank) in 2025.

Spot gold fell 0.1 percent to $2,768.01 an ounce. U.S. gold futures fell 0.2 percent to $2,772.70.

Among other precious metals, spot silver fell 0.3 percent to $30.52 an ounce. Palladium fell 0.8 percent to $979.72. Platinum fell 0.4 percent to $945.20.

Source (Al-Arabiya.net Website, Edited)

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