Gold is down more than $4 in spot transactions

On the first of September, global gold prices fell during today’s trading, to lose more than 4 dollars in spot transactions.

According to global market data, the prices of the yellow metal in spot transactions decreased by 0.24%, or the equivalent of $4.14, to $1707.14 per ounce, by 09:49 AM UAE time.

And gold futures contracts for December delivery fell 0.48%, equivalent to $8.4, to reach $1,717.8 an ounce.

In terms of other precious metals, silver fell by 1.48% to $17.6 per ounce, palladium fell by 0.1% to $2081.27, while platinum increased by 0.06% to $826.95.