Gold prices slightly lower on Friday, set for second-yearly straight losses
30/12/2022
Argaam
Gold prices declined slightly today, Dec. 30, heading for the second-yearly straight losses, as the Fed's strong interest rate hike this year boosted the US dollar.
Although the prices of the precious metal are nearly $200 higher than the two-year low hit in September, they are heading for an annual loss of 0.7%.
Gold futures for February delivery fell by 1.40% to $1,824.60 an ounce at 10:39 am Makkah time. Spot prices also edged up by 0.1% to $1,816.66 an ounce.
Silver futures for March delivery were down 0.47% to $24.14 per ounce, but heading for weekly gains.
Spot prices for platinum lost 0.23% to $1,055.13. Palladium prices decreased 0.11% to $1,808.93.
Market Indices
TASI
10,878.46
13.89
0.13 %
Commodity Price
Gold
4,296.17
(2.59)
(0.06%)
Silver
63.09
0.02
0.04%
PLATINUM
1,774.70
(6.30)
(0.36%)
PALLADIUM
1,297.50
(10.20)
(0.79%)
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