Manama: Gold prices fell on Friday, pressured by a recovery in the U.S. dollar and optimism over progress in trade talks between the United States and the European Union.
According to Bahrain News Agency, spot gold was down 0.7% at $3,343.0 per ounce by 1150 GMT. U.S. gold futures experienced a decline of 0.9% to $3,344.50. Other precious metals also saw declines, with spot silver falling 0.9% to $38.74 per ounce. Despite this drop, silver was still on track for a weekly gain of approximately 1.6%.
Meanwhile, platinum prices decreased by 1.7% to $1,384.95, and palladium fell 1.8% to $1,201.75, marking its lowest level in over a week. The fluctuations in these metal prices reflect broader market responses to currency movements and international trade developments.