Gold prices fell on Tuesday, below $1,800, as investors await the start of the Federal Open Market Committee's meeting later today, July 27.
The holdings of the SPDR Gold Trust, the world's largest gold-backed trading fund, fell 0.2% to 1,025.64 tons on July 26, its lowest level since May 13.
This comes with investors being cautious ahead of the start of the US Federal Reserve meeting - which ends tomorrow, July 28 - in search of clues about when the central bank may curb its easy monetary policies.
Spot gold settled at $1,794.94 per ounce, while gold futures contracts for December delivery fell 0.32%, or $5.7, to reach $1,797.7 per ounce, by 09:55am Makkah time.
Elsewhere, silver futures for September delivery fell 0.3% to reach $25.25 per ounce, platinum decreased 0.8% to reach $1,060.39 per ounce, and palladium declined 0.42% to $2,650.15 per ounce.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}