Gold falls as investors assess OPEC production cuts and after weak US data

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Gold prices fell today, with investors assessing the expected course of monetary policy in the United States, after data showed a decline in manufacturing activity there and amid inflationary risks raised by production cuts from the “OPEC Plus” group.
And gold in spot transactions declined 0.3% to 1978.10 dollars an ounce (an ounce), while US gold futures fell 0.2% to 1997.30 dollars.
As for other precious metals, silver lost 0.9% in spot transactions, recording $23.79 an ounce, while platinum fell 0.3% to $982.62, and palladium fell 0.4% to $1453.64.

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