Gold prices fall slightly await Fed rate cut decision

Gold prices experienced a slight decline in early trading on Tuesday amid growing conviction that the Federal Reserve will cut interest rates by a wide margin this week.

Spot gold prices dipped by 0.10 per cent to $2,579.95 per ounce, compared to the previous day’s closing price of $2,582.51. Additionally, US gold futures decreased by 0.08 per cent to $2,606.95, down from the previous day’s closing of $2,608.9.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama