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Published on: Tuesday, January 23, 2024 – 3:35 AM | Last updated: Tuesday, January 23, 2024 – 3:35 am
Gold prices fell in trading on Monday, while the dollar maintained its rise, with investors waiting for new economic data to speculate on the nature of the decisions expected from the major central banks regarding monetary policy.
At the same time, the decline in bond yields, the rise in the price of the dollar, and geopolitical tensions limited the decline of the yellow metal.
The dollar value index against other major currencies moved in a very narrow range, and rose for a short time to 103.33 points, recording a slight gain.
The price of gold today fell by $7.10 to $2,022.20 per ounce for delivery next February. The price of silver also fell by $0.415 to $22.296 per ounce for next March delivery, while the price of copper fell by $0.0230 to $3.7635 per pound for delivery next March.
This comes as the markets await the Bank of Japan’s announcement today, Tuesday, of its decision regarding monetary policy, as it is expected to remain unchanged, and the European Central Bank will announce its decision regarding monetary policy next Thursday, as the markets expect to maintain interest rates at their record high level.
The Central Bank of Canada and the Central Bank of Norway will also announce monetary policy decisions during the current week.
2024-01-23 01:35:49
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