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HIBAPRESS – Agencies
Gold prices declined slightly on Monday, September 14, as rising oil prices exacerbated inflation concerns and strengthened expectations that the Federal Reserve (the US central bank) may raise interest rates at its monetary policy meeting this week.
Gold in spot trading fell 0.5 percent to $4327.80 per ounce, after registering a decline for the third consecutive week on Friday. US gold futures for December delivery also fell by about one percent to $4368.60.
For other precious metals, silver in spot trading declined 1.1 percent to $63.75 per ounce today, Monday. Platinum fell 0.8 percent to $1782.50, and palladium dropped 0.7 percent to $1290.36.
