Gold Slips as Investors Focus on US-Russia Talks on UkraineSingapore, 11 Aug (ONA) — Gold prices slipped today as market participants focused on US-Russia talks on the war in Ukraine, and July inflation data that could offer more insight into the Federal Reserve’s interest rate outlook.
Spot gold was down 0.6% at $3,378.49 per ounce, after hitting its highest since July 23 on Friday.
US gold futures for December delivery dropped 1.4% to $3,441.20.
Elsewhere, spot silver fell 0.5% to $38.13 per ounce, platinum XPT= slipped 1.1% to $1,317.90 and palladium gained 0.1% to $1,127.37. — Ends/AH
