Gold prices fell and are heading for a weekly decline, as investors wait for more signs to anticipate the size of a possible cut in US interest rates in the September.
Gold in immediate trade fell 0.2 percent to $2,421.31 an ounce by 0402 GMT, after rising more than one percent yesterday, Thursday.
The precious metal is on track to record its biggest weekly loss since June 7. It fell about three percent on Monday after investors worked to adjust their positions in conjunction with a broader stock selloff.
U.S. gold futures also fell 0.1 percent to $2,460.80.
2024-08-09 05:42:46
#Gold #prices #falling..
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