Decline in Gold and Silver Prices Amid Weak Trading and Profit-Taking Following Previous Rise
Gold prices fell on Monday, affected by weak trading volumes due to the closure of American and Chinese markets for public holidays, alongside some investors taking profits after a 2.5% rise in the previous session.
As of 01:11 GMT, spot gold recorded a decline of 1.1%, reaching $4,986.32 per ounce, while U.S. gold futures for April delivery dropped by 0.8% to $5,005.60 per ounce.
In other precious metals, silver decreased by 2.4% to $75.64 per ounce after rising by 3% on Friday, while platinum fell by 0.8% to $2,045.11 per ounce, and palladium dropped by 0.7% to $1,673.52 per ounce.
