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The decline in gold prices as its attractiveness wanes. Arab and international economics


Gold prices fell today, as the rise of the dollar and hopes for a rapid global economic recovery reduced the appeal of the precious metal as a safe haven.

Spot gold fell 1.5% to 1705.90 dollars an ounce by 1400 GMT.

And US gold futures fell 1.6% to 1704.60 dollars an ounce.

Among the other precious metals, palladium fell in spot transactions 5.5% to 2529.30 dollars an ounce, while silver fell 2.10% to 24.52 dollars an ounce.

Platinum fell 1% to 1172.60 dollars an ounce.

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Source site www.emaratalyoum.com

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