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28 Aug 2025

Gold futures prices decline slightly

Gold futures prices fell slightly as markets awaited US economic data that could shed further light on the Federal Reserve's interest rate outlook.

During Thursday's trading, gold futures for December delivery fell slightly by 0.1%, or $3.60, to $3,445 per ounce.

Spot gold fell 0.2%, or $6.46, to $3,390.91 per ounce, as of 8:30 a.m. Mecca time.

The dollar index, which measures the performance of the US currency against a basket of six major currencies, fell slightly by 0.1% to 98.14.

While silver futures for September delivery rose 0.4% to $38.865 an ounce, spot platinum prices were steady at $1,348.53, and palladium prices were unchanged at $1,094.24.

Investors are closely awaiting the release of the US Personal Consumption Expenditures Index (PCE) – the Federal Reserve's preferred inflation gauge – on Friday for any clues about the future direction of interest rates

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