Saba: Gold prices fell on Thursday, weighed down by a stronger dollar as investors awaited key US inflation data for further clues on the path of interest rates. Spot gold fell 0.3% to $4,082.95 per ounce. Meanwhile, US gold futures for December delivery rose 0.8% to $4,097.40 per ounce.
According to Yemen News Agency, gold prices have risen by about 56% year-to-date, reaching an all-time high of $4,381.21 last Monday. This increase was driven by geopolitical and economic uncertainty, anticipation of interest rate cuts, and continued central bank buying. Among other precious metals, spot silver fell 0.4% to $48.31 per ounce, platinum fell 1.4% to $1,598.65, and palladium fell 1.4% to $1,438.47.