Gold Falls ahead of US Inflation Data

Gold prices fell today as the dollar rose, as traders await key US inflation data, which could indicate the size of the US interest rate cut next week. Spot gold fell 0.1% to $2,503.09 per ounce, while US gold futures were steady at $2,532.20. The dollar hit a one-week high today, making gold more expensive for holders of other currencies. Among other precious metals, spot silver fell 0.3% to $28.27 per ounce, platinum rose 0.5% to $942.45, and palladium rose 0.4% to $950.55. Source: Oman News Agency