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Platinum Oct 23 (PL=F)

NY Mercantile - NY Mercantile Delayed price. Currency in USD
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933.20+8.60 (+0.93%)
As of 04:59PM EDT. Market open.
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Pre. SettlementN/A
Settlement date2023-10-27
Last price924.60
Day's range924.30 - 947.10

    Gold prices retreat as U.S. Fed signals tighter monetary policy

    Gold prices experienced a dip on Thursday, influenced by the U.S. Federal Reserve's hardened hawkish policy stance. This led to a stronger U.S. dollar and higher bond yields, which further discouraged the buying of non-interest-paying bullion. Spot gold slid by 0.3% to $1,924.68 per ounce, and U.S. gold futures fell by 1.1% to $1,944.90.


    Gold Prices Show Slight Dip Ahead of Anticipated Federal Reserve Decision

    Gold prices experienced a minor decline on Wednesday as investors adopted a cautious stance in anticipation of the Federal Reserve's imminent interest rate decision. The precious metal's price was further pressured by an increase in U.S. Treasury yields and a robust U.S. Dollar, with spot gold dipping by 0.1% to $1,930.22 per ounce, and December gold futures also declining by 0.1%, reaching $1,950.95 per ounce at 00:28 ET (04:28 GMT).


    Gold prices mark fourth consecutive gain amid central bank decisions

    Gold prices experienced a modest increase for the fourth consecutive session on Wednesday, as investors await key decisions on interest rates from major central banks, including the Federal Reserve, Bank of Japan, and Bank of England. The December delivery gold price saw a slight rise of 70 cents, or less than 0.1%, reaching $1,936 per ounce on Comex. This follows Tuesday's settlement at $1,953.70 per ounce, the highest recorded since September 1.