Gold prices dip on Thursday after recent rally

Gold prices fell on Thursday as investors took profits following a recent surge to a one-month high amid growing anticipation of an interest rate cut by the Federal Reserve next week.

Spot gold prices increased at 7:00 AM GMT by 0.03 per cent to $2,711.00 per ounce, compared to the previous closing price of $2,718.07.

Meanwhile, US gold futures rose 0.18 per cent to $2,751.81, compared to Wednesday’s closing of $2,756.7.

Attribution: Amwal Al Ghad English, Reuters

Subediting: M. S. Salama