Spot gold was down 1.1 percent at $4,142.61 per ounce, as of 0414 GMT. US gold futures for August delivery fell 1 percent to $4,160.20.
The dollar held firm near the one-year high hit late last week, making gold less affordable for buyers holding other currencies.
Spot silver fell 3.3 percent to $63.05 per ounce, platinum lost 1.9 percent to $1,646.30, and palladium was down 1.8 percent at $1,242.75.
Discover more from ADM | Abu Dhabi Magazine
Subscribe to get the latest posts sent to your email.
Related Post
Gold extends losses as Fed rate-hike bets support dollar
Gold prices continued to decline in early trading on Wednesday as expectations of further US interest rate increases strengthened the dollar and weighed on demand for the precious metal. At the time of publication, spot gold was trading at around US$4,110 per ounce, extending losses for a fifth consecutive session. The precious metal remained under […]
24 Jun 2026 - 4:15 AM
Gold rebounds from one-week low
consecutive daily declines on Monday, looking to regain the area above the $4,200 mark per troy ounce. Reports of progress in the latest round of US-Iran talks are helping the precious metal maintain its footing at the start of the week, although the stronger Greenback seems to limit the upside potential for now. By time […]
22 Jun 2026 - 8:38 PM
DGCX to launch region’s first-ever regulated Gold Spot T+0 Contract
The Dubai Gold and Commodities Exchange (DGCX) will launch its Gold Spot T+0 Contract on Monday 22nd June, introducing the first same-day physically settled spot gold product on a regulated exchange in the GCC and positioning Dubai among a limited number of international markets offering such functionality. The contract has been developed to address growing […]
19 Jun 2026 - 5:01 PM
Gold heads for third weekly loss on firm dollar
Gold prices were on track for a third consecutive weekly decline, falling more than 1 percent on Friday, amid a stronger dollar. Spot gold was down 1.1 percent at $4,163.93 per ounce, as of 03:38 GMT. US gold futures for August delivery fell 1.5 percent to $4,181.20. Spot silver fell 2.2 percent to $64.36 per […]
19 Jun 2026 - 8:23 AM