Singapore, Gold prices fell on Tuesday with investors awaiting key US inflation data and the outcome of the Federal Reserves policy meeting for details of the central banks plans to cut interest rates against its inflation target. Spot gold was down 0.3% at $2,302.89 per ounce. US gold futures fell 0.3% to $2,320.20. The May consumer price index inflation report due on Wednesday will be the next major data point along with the Fed concluding their two-day meeting on the same day. In other metals, spot silver fell 1.9% to $29.22 per ounce, platinum was down 0.6% at $962.20 and palladium lost 1.1% to $893.60. Source: Qatar News Agency
Related Articles
S. Korea’s Exports Extend Gains to 9th Straight Month in June
South Korea’s exports extended on-year gains to the ninth straight month in June on the back of record performance of semiconductors, data showed Monday.
Outbound shipments rose 5.1 percent on-year to 57 billion USD last month, according to the data …
S.Korea, Saudi Arabia discuss ways to expand trade, investment
TOKYO, South Korea and Saudi Arabia discussed on Tuesday ways to broaden economic exchanges pledging to work closely toward the prompt implementation of a free trade pact between Seoul and the Gulf Cooperation Council (GCC), Yonhap News Agency reporte…
Rise in oil prices
Washington – Ma’an – Oil prices continue to rise in trading today, Monday, in light of concerns about supplies as a result of geopolitical tensions, and positive data on the Chinese economy.
By 09:20 Moscow time, US crude futures rose by 0.32% to $83…