Gold gives up some of its gains and loses $7

Global gold prices fell during today's trading, to give up some of its gains in the previous session, after losing more than 7 dollars.

According to global market data, the prices of the yellow metal in spot transactions decreased by 0.45%, or the equivalent of $7.29, to reach $1,620.98 per ounce, by 09:28 AM UAE time.

While the gold futures contract for December delivery decreased by 0.72%, equivalent to $11.85, to reach $1,624.95 an ounce.

In terms of other precious metals, silver fell by 1.16% to $ 18.47 an ounce, while platinum fell by 0.54% to $ 909.8, and palladium fell by 0.61% to $ 2054.77.

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