Gold prices fall 1% as investors booked profits ahead of US economic data

Singapore: Gold prices fell more than 1% today as investors booked profits ahead of US economic data that could offer more cues on when the central bank will cut interest rates this year (2024) and by how much.

Spot gold fell 0.9 % to $ 2377.29 per ounce. US gold futures dropped 1.6% to $2,376.70.

Among other metals, spot silver fell 2.8 % to $ 28.18 per ounce on the day.

Platinum eased 0.8 % to $ 940.40 and palladium slipped 1.5 % to $ 918.63.