Commodities Update — Gold slips; Wheat ticks higher; Copper rises

Follow-ups -eshrag News:

Mon, 2022-08-08 11:16

RIYADH: Gold prices edged lower on Monday after solid US jobs data last week boosted the prospect of aggressive interest rate hikes by the US Federal Reserve, lifting the dollar and Treasury yields.

Spot gold was down 0.1 percent at $1,771.74 per ounce, as of 0454 GMT, after dropping 1 percent in the previous session. 

US gold futures eased 0.2 percent to $1,788.20.

Silver flat

Spot silver was flat at $19.87 per ounce, while platinum fell 1.3 percent to $920.25. 

Palladium was steady at $2,125.68.

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Business & Economy

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