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


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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