Gold prices are falling towards their lowest level in 12 months

Gold prices continued their decline globally during today's trading, heading towards their lowest level in 12 months.

And the prices of the yellow metal fell in spot transactions by 0.56%, or the equivalent of $ 9.57, to $ 1687.3 an ounce, by 12:41 pm UAE time.

And gold futures fell 0.94%, or $16.2, to $1684.2 an ounce, according to global markets data.

In terms of other precious metals, silver fell 2.09% to $ 18.27 an ounce, platinum fell 1.38% to $ 834.45, and palladium fell by 1.

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