Gold declines with the rise of the dollar and anticipation of the US Central Bank meeting

Mark
Written By Mark

Gold prices fell slightly in early Asian trading today, due to the rise in the dollar, while investors await the Federal Reserve (US Central Bank) meeting this week in search of indicators regarding the path of interest rates.

Gold fell in spot transactions by 0.1 percent to $4,013.70 per ounce, while US gold futures for December delivery fell by 0.3 percent to $4,027.10.

As for other precious metals, silver rose in spot transactions by 0.1 percent to $53.97 per ounce, while platinum settled at $1,527.81 and palladium fell by 0.7 percent to $1,042.43.