Gold Prices Today - Economist

"Gold prices" stabilized in trading on Monday, November 3, 2021, with the continued pressure from the US dollar, and in the same context, investors are cautiously awaiting the US Federal Reserve meeting after data showed a rise in the inflation rate, which makes the yellow metal less attractive to buyers of other currency holders.

We find that gold prices fell during the last period to below 1800 dollars per ounce, and gold was traded at 1783.01 dollars per ounce after it fell 1.5% to the lowest level in more than a week on Friday.

The price of gold in the US gold futures contract increased by 0.1%, and its price reached $1,784.801 per ounce.

As for other precious metals, we find that the price of silver fell by 0.2% and reached 23.80 dollars per ounce, platinum rose by 0.9% to 1026.58 dollars per ounce, and palladium fell 0.3% to 1996.57 dollars per ounce.