Gold prices fell today, recording their lowest level in two weeks, as the rise in oil prices exacerbated concerns about inflation, ahead of the Federal Reserve (US central bank) meeting on monetary policy next week.
Gold in spot transactions fell 1.4 percent to $4,081.89 per ounce.
US gold futures contracts for delivery next December also fell 1.3 percent to $4,097.90.
As for other precious metals, silver fell in spot transactions 3.7 percent to $55.86 per ounce, platinum fell 2.6 percent to $1,586.22, its lowest level since last July, and palladium fell 3.2 percent to $1,052.88 after recording its lowest level since June 2025.