Gold prices have decreased today, Tuesday, as the allure of the yellow metal as a safe haven wanes due to a reduction in trade tensions between the United States and its commercial partners. Investors are awaiting U.S. economic data to gauge the direction of the Federal Reserve’s monetary policy.
Spot gold prices dropped by about 1 percent to $3,309.83 per ounce, while U.S. gold futures fell by 0.6 percent to $3,327.05.
In other precious metals, silver saw a slight increase of 0.1 percent in spot trading, reaching $33.21 per ounce. Platinum remained stable at $986, while palladium lost 0.1 percent, recording $948.06.
