Gold prices down in Thursday early trade

Gold prices fell on Thursday December 05, 2024, as investors exercised caution ahead of US payroll data, which could offer more clarity on the Federal Reserve’s monetary policy direction.

Spot gold prices dropped at 7:29 GMT by 0.09 per cent to $2,647.60 per ounce, compared to the previous closing price of $2,650.09.

Meanwhile, US gold futures decreased 0.14 per cent to $2,672.36, compared to Wednesday’s closing of $2,676.2.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama