Gold Prices Fall as Traders Focus on US Economic Data

Gold prices dropped in Asian trade on Wednesday as investors awaited important US economic data that could provide further insight into the timing of interest rate decreases. Spot gold was down 0.1% at $2,320.19 per ounce, after closing the previous session at its lowest level since April 5. The ounce of US gold futures was down 0.4% at $2,333.80. On April 12, gold reached an all-time high of $2,431.29 thanks to a surge that began in March and continued into April. Spot silver decreased by 0.2% to $27.24 per ounce, palladium decreased by 0.1% to $1,018.50, while platinum increased by 0.3% to $910.15. Source: Qatar News Agency