Commodities
Gold Prices Fall to Three-Week Low Amid Decline in Precious Metals
Gold prices fell to their lowest level in over three weeks on Wednesday, September 2nd. Spot gold was down 0.6% at $4,304.01 per ounce by 00:17 GMT, marking its lowest since August 7th. US gold futures for December delivery also declined, falling 1% to $4,350.80.
The decline in gold prices was not limited to the precious metal itself. Other metals like silver, platinum, and palladium also saw losses, with spot silver down 1% at $63.60 per ounce, platinum edging 1% lower to $1,722.23, and palladium falling 1.4% to $1,292.21.