Gold Declines as the Dollar Rises

Gold Declines as the Dollar Rises

- in Economy

Gold prices fell on Thursday amid a rising dollar and diminishing expectations for the Federal Reserve to lower interest rates in December, as investors await a U.S. jobs report.

Spot gold dropped by 0.1% to $4,077.13 per ounce, while U.S. gold futures for December delivery decreased by 0.2% to $4,075.80 per ounce.

Meanwhile, other precious metals showed gains, with silver rising 0.2% to $51.44 per ounce, platinum increasing by 0.9% to $1,559.54, and palladium climbing 1.1% to $1,395.37.

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