Gold loses US$7 in spot trading

Gold prices declined during today’s trading, losing about US$7 in spot trading.

As of 09:41 UAE time, the yellow metal fell by 0.34 percent or $7.01 to reach $2047.95 per ounce.

Gold futures for February 2024 declined 0.38 percent or $7.7 to reach $2051.3 per ounce.