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Gold prices and gold futures drop

ByVictoria

Spot gold, which dipped 0.5% to $2,904.51 an ounce as of 1211 GMT, has gained over 10% year-to-date. It hit a record high of $2,956.15 on February 24.

U.S. gold futures also dropped 0.5% to $2,912.10.

“Gold seems to be experiencing profit-taking as investors closely watch tariff developments with prices trading toward $2,900 ahead of the non-farm payrolls report,” Lukman Otunuga, senior research analyst at FXTM, said.

Platinum prices were flat at $964.68 per ounce.

Spot silver dipped 0.7% to $32.39 an ounce and palladium shed 0.5% to $937.74.

Source – Reuters

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