Gold declined globally at the end of Friday trading

2024-02-09 19:53:31

Direct: Gold futures prices fell at the close today, Friday, with investors focusing on the US Consumer Price Index data in January, scheduled to be released next Tuesday, to build expectations regarding the date of the Federal Reserve’s interest rate cut.

Gold futures prices for April delivery fell by 0.45%, or $9.2, at $2,038.7 per ounce, following touching $2,051.9, with the yellow metal recording weekly losses of 0.75%.

While the value of the dollar index – which measures the performance of the US currency once morest a basket of six major currencies – decreased by 0.1% to 104.06 points.

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