Rome: Gold prices fell on Thursday after stronger-than-expected US jobs data reduced expectations of another Federal Reserve interest rate cut in December, while oil prices stabilized. Spot gold fell by about 0.3% to $3,971.08 per ounce, and US gold futures for December delivery also declined by 0.3% to $3,979.70 per ounce.
According to Yemen News Agency, among other precious metals, spot silver fell 0.6% to $47.77 per ounce, platinum dropped 0.8% to $1,549.21, and palladium declined 0.7% to $1,408.74. Oil prices were largely stable on Thursday, after settling at their lowest level in two weeks in the previous session, amid continued market pressure. This stability comes as a result of weak demand and a global oversupply of oil.