Gold prices fell on Monday as safe-haven demand weakened amid signs of easing geopolitical risks, with markets now focusing on upcoming U.S. inflation data that may offer deeper insight into the Federal Reserve’s interest rate outlook. Gold saw further decline as geopolitical tensions surrounding the war in Ukraine eased, following President Donald Trump’s announcement of his meeting with Vladimir Putin on U.S. soil.
Spot gold fell by 0.7 percent to $3,376.67 per ounce after hitting its highest level since July 23 on Friday. U.S. gold futures for December delivery fell by 1.5 percent to $3,439.70.
Source (Al-Sharq Al-Awsat Newspaper, Edited)
