Prices of gold and other precious metals have declined in global markets, APA-Economics reports, citing market data.
The price of April gold futures on the COMEX exchange fell by 0.91% to $5,111.90.
In the spot market, gold prices decreased by 1.12% to $5,113.83.
A decline was also observed in other precious metals. Silver prices fell by 0.75% to $83.65, copper dropped by 0.87% to $575.65, and platinum decreased by 0.61% to $2,138.80.
Analysts explain that one of the main reasons for the decline is profit-taking by investors and increased interest in risk assets amid the strengthening of the US dollar. At the same time, uncertainty in the markets due to tensions in the Middle East has also increased volatility in precious metals trading.
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