Gold drops, dollar firm ahead of US inflation data
10/06/2022
Argaam
Gold fell below $1,850 today, June 10, while the US dollar was steady, as investors focus on US inflation data that could push US dollar and treasury yields higher, weighing on gold.
The US annual inflation rate is expected to rise 8.3% and 0.7% on a monthly basis in May.
Gold futures for August delivery declined 0.27% to $1,847 per ounce. Spot gold edged 0.13% lower to $1,845 per ounce.
Elsewhere, silver futures for July delivery shed 0.70% to $21.66 per ounce. The spot price of platinum also dropped by 0.23% to$968.74, while palladium added 0.57% to $1,935.
The main dollar index, which measures the performance of the US currency against a basket of six currencies, was unchanged at 103.22 points.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Commodity Price
Gold
4,133.98
23.54
0.57%
Silver
59.84
0.26
0.43%
PLATINUM
1,636.70
(1.60)
(0.09%)
PALLADIUM
1,122.00
13.50
1.15%
Gold
1,927.33
(8.33)
(0.43%)
Silver
25.09
(0.09)
(0.35%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}