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DeepNewz, mobile.
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China's foreign exchange reserves decreased by USD 9.7 billion in June, while the People's Bank of China did not add to its gold reserves for the second consecutive month. Spot gold prices fell by 1.7% to $2351.50 per ounce, following a decline in gold, platinum, silver, and palladium prices.
#Gold drops more than 1% as risk appetite grows https://t.co/LjddR7qnuz via @Reuters https://t.co/2yvQUnxB6L
ALONGSIDE GOLD, PLATINUM, SILVER, AND PALLADIUM ALSO DECLINED, WITH THE DOLLAR SPOT INDEX AND 10-YEAR TREASURY YIELDS REMAINING RELATIVELY STABLE
GOLD PRICES FELL AFTER THEIR LARGEST WEEKLY GAIN IN THREE MONTHS, TRADING NEAR $2,359 AN OUNCE AS THE PEOPLE'S BANK OF CHINA DID NOT ADD TO ITS RESERVES FOR THE SECOND CONSECUTIVE MONTH
