Gold loses $6 due to profit taking

Capitals, April 5 / WAM / Gold prices declined during trading today, losing about $6 in spot transactions, as it was exposed to profit-taking operations after recording record gains, during which it reached its highest levels ever.

By 11:15 am UAE time, the yellow metal fell by 0.25%, or the equivalent of $6.01, to reach 2285.18 per ounce.

Gold contracts for June 2024 delivery fell by 0.21%, or the equivalent of $5, to reach $2,303.35 per ounce.

In terms of other precious metals, silver fell by 1.5% to $26.84 per ounce, platinum fell by 0.81% to $939, while palladium fell by 1.16% to $1,016.53.

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