Gold prices fell due to profit taking after last week’s gains, and as investors awaited a series of US economic data scheduled to be released this week, including the non-farm payrolls report for last December, looking for indications of the position of the Federal Reserve (the US central bank) regarding interest rates.
Spot gold prices fell 0.5 percent to $2,627.36 per ounce, and US gold futures contracts fell 0.6 percent to $2,639.40 per ounce.
As for other precious metals, silver settled in spot transactions at $29.64 per ounce. Platinum fell 0.6 percent to $932.59 an ounce. Palladium fell 1 percent to $912.75 an ounce.