Commodities Update — Gold hits nine-month low; grains up ahead of USDA report; copper falls

Follow-ups -eshrag News:

Tue, 2022-07-12 10:50

RIYADH: Gold prices fell to a fresh nine-month low on Tuesday, pressured by the dollar’s continuing rally, even as investors awaited the US inflation data that could prompt the Federal Reserve to solidify its aggressive stance on monetary policy.

Spot gold fell 0.3 percent to $1,728.58 per ounce by 0457 GMT, after hitting its lowest since Sept. 30 at $1,722.36 earlier in the session.

US gold futures eased 0.3 percent to $1,727.20.

Silver, platinum, palladium prices fall

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Business & Economy

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