India's First International News Journal

23.1 C
Tuesday, March 28, 2023

Qatar: Gold prices are falling amid anticipation of US economic data

Gold prices fell today as investors await the non-farm payroll data in the US which could influence interest rate policy in the future. Gold in spot transactions declined 0.1 percent to $1828.90 an ounce, and US gold futures fell 0.1 percent to $1832.90 an ounce. Federal Reserve Chairman Jerome Powell warned this week of a larger and possibly faster rate hike to control high inflation. As for other precious currencies, silver fell in spot transactions by 0.6 percent to $19.95 an ounce, while platinum fell one percent to $935.05 an ounce. Palladium fell 0.6 percent to $1,380.89 an ounce. And gold becomes more attractive in an environment of low interest rates, and the decline in the dollar index makes buyers from outside the United States accept more of this metal.

For latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and also on Twitter.
Click here to show your support.
Arab Desk
Arab Desk
The Eastern Herald’s Arab Desk validates the stories published under this byline. That includes editorials, news stories, letters to the editor, and multimedia features on

Public Reaction



Read More