Gold prices witnessed a decline during today’s trading, Friday, January 20, 2023.
Gold prices fell in spot trading by 0.27%, to $1926.95 an ounce, by 9:06 am Cairo time.
US gold futures rose 0.1% to $1,925.30, and the dollar index rose 0.1%, making bullion more expensive for most investors.
In terms of other metals, silver prices fell 0.1% to $23.80. Platinum fell 0.3% to $1,029.75, and palladium fell 0.6% to $1,743.86.
Gold prices rose at the settlement of Thursday’s dealings, after economic data and with the continued statements of Federal Reserve officials. Gold futures contracts for February delivery increased by 0.9%, or $16.90, to reach $1923.90 an ounce.
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