New York:Gold prices experienced a decline of 1 percent in today's trading session as recent economic data led to an increase in the dollar and treasury yields.
According to Qatar News Agency, spot gold decreased by approximately 0.3 percent, settling at $4,047.36 per ounce, after reaching a session low of $4,033.29 per ounce earlier in the day.
Despite the daily decline, spot gold has achieved a 5.2 percent increase this week, marking its best weekly performance since late August. Meanwhile, U.S. gold futures for December delivery saw a reduction of 0.9 percent, closing at $4,074.90.
In other precious metals, spot silver increased by 0.8 percent to $52.18 per ounce, and platinum saw a gain of 1.6 percent, reaching $1,541.42. Conversely, palladium fell by 0.6 percent to $1,024.59. Despite these mixed results, all three metals are on track for weekly gains.
