Gold prices stabilize in anticipation of US inflation data

13/09/2021 Argaam

Gold prices stabilized on Monday, with the rise of the US dollar, and the follow-up to the latest developments of COVID-19 and economy.

 

Attention is turning to the US inflation report for August, due on Sept. 14, with expectations of a 0.4% increase on a monthly basis.

 

Gold futures contracts for December delivery settled at $1,791.80 per ounce at 09:35am Makkah time. Spot price for the yellow metal gained 0.1% to reach $1,790.06 per ounce.

 

Elsewhere, silver futures for December delivery fell 0.7% to reach $23.73 an ounce, spot price for platinum delivery declined 0.1% to reach $959.61, while palladium decreased 2.2% to reach $2,122 per ounce.

 

The dollar index - which measures the performance of the US currency against a basket of six currencies – rose 0.2% to hit 92.758 points.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.