Gold prices decline globally, awaiting inflation data

Investors continue to monitor the economic and political conditions affecting commodity prices. Gold, silver, and copper remain of significant interest in the markets, requiring close attention to make informed investment decisions.

Gold futures experienced a decline during the Asian session on Wednesday. According to the COMEX listing of the New York Mercantile Exchange, December gold futures were trading at $2,640.85 per ounce at the time of writing, showing a 0.21% decrease. Gold futures had previously traded lower during the session, with the lowest price reaching $2,633.55 per ounce. Gold prices are expected to find support at $2,623.40 and resistance at $2,690.60