Commodities
Gold Prices Slide Amid Anticipation of US Inflation Data
Gold prices declined on Monday as investors took profits after the metal's price reached a seven-week high in the previous session. The market is awaiting US inflation data for insight into the Federal Reserve's interest rate outlook.
The spot gold price fell by 0.5% to $4,322.28 per ounce. US gold futures also decreased, down 0.4% to $4,381.60. Other precious metals, such as silver, platinum, and palladium, experienced similar declines.
The market's reaction was influenced by the previous day's weaker-than-expected US jobs data, which pushed prices up. Investors are now looking for further clues on interest rates from upcoming inflation data.