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Economy

Gold slips for fourth session as markets await the Fed

Spot gold fell 0.2% to $4,118.18 an ounce in QNA’s 21 October update, marking a fourth declining session. December futures also eased 0.2% to $4,136.20.

Archive or illustrative image: gold bullion. Not a photograph of the current event.
Archive or illustrative image: gold bullion. Not a photograph of the current event.

Spot gold fell 0.2% to $4,118.18 an ounce in QNA’s 21 October update, marking a fourth declining session. December futures also eased 0.2% to $4,136.20.

The report cited oil-related inflation concerns and attention on the following week’s Federal Reserve meeting. Silver, platinum and palladium also fell in the same trading snapshot; the figures are not closing prices.

Archive or illustrative image: gold bullion. Not a photograph of the current event.

Source: qna.org.qa.

Photo credit: Ank Kumar.

Wikimedia Commons — CC BY-SA 4.0. Resized and converted to WebP.

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