Gold Prices Decline on December 2, 2024, Following Dollar Strength and Profit-Taking

Gold prices experienced a decline on Monday, December 2, 2024, after a series of gains spanning four consecutive sessions. The drop was attributed to the rise in the value of the U.S. dollar and profit-taking activities. Spot gold fell by 1.1% to $2,625.69 per ounce, while gold futures dropped by 1.2% to $2,648.40.

Other precious metals also saw a decline, with silver dropping 1.6% to $30.10 per ounce, platinum falling by 0.6% to $939.90, and palladium decreasing by 1% to $968.37.

source : fesnews media

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