Gold prices settled near their lowest levels in nearly two weeks on Tuesday, weighed down by the rise in the dollar and Treasury yields and traders cut their expectations that the US Federal Reserve (central bank) will cut interest rates strongly this year.
The price of gold remained in spot transactions at $ 2025.24 an ounce (ounce), after recording its lowest levels since January 25 / January in the previous session.
U.S. gold futures fell 0.1 percent to $2,041.30 an ounce. As for other precious metals, spot silver fell 0.1 percent to $22.33 an ounce. Palladium rose 0.4 percent to $952.44, and platinum 0.2 percent to $898.53.
Source (Al-Arabiya.net Website, Edited)
