Gold prices near one-month low

Gold prices remained near a one-month low on Tuesday as investors awaited important US economic data and comments from Federal Reserve officials to gain insight into future interest rate decisions.

Spot gold prices dropped at 6:53 GMT by 0.48 per cent to $2,606.97 per ounce, compared to yesterday’s closing price of $2,619.53. While, US gold futures fell 0.16 per cent to $2,613.60, compared to Monday’s closing of $2,617.7.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama