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Gold Prices Drop Below $4,000 Per Ounce
(MENAFN- The Peninsula)
QNA
New York: Gold prices fell below USD 4,000 per ounce on Monday as demand for the precious metal weakened.
Spot gold dropped 2.9 percent to reach USD 3,991.39 per ounce, while US gold futures declined 3.2 percent, settling at USD 4,005.70 per ounce.
As for other precious metals, silver fell 4 percent in spot trading to USD 46.65 per ounce, platinum decreased 1.1 percent to USD 1,588.71, and palladium dropped 1.6 percent to USD 1,405.56 per ounce.
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