Gold nears its lowest level in a week

Gold Prices Reach Weekly Low

Gold prices held steady near their lowest levels in a week on Friday. Spot gold was trading at around $4,318.88 per ounce by 00:20 GMT, after earlier hitting its lowest point since September 2nd. Prices had fallen by about 2% on Thursday, while U.S. gold futures for December delivery declined 1.1% to $4,359.50.

Among other precious metals:

  • Spot silver slipped 0.1% to $63.48.
  • Platinum remained steady at $1,777.42.
  • Palladium dipped 0.2% to $1,279.25.

As reported by UrduPoint, these fluctuations reflect the dynamic nature of the global market.