A decline is being observed in gold futures prices on global commodity markets, APA-Economics reports.
On the COMEX exchange, the price of February gold futures per troy ounce fell by 0.26% to 4,329.6 US dollars.
At the same time, the spot price of gold (XAU/USD) rose by 0.30% to 4,332.29 US dollars.
Meanwhile, March silver futures on COMEX increased by 0.58% to 71.02 US dollars.
It should be noted that the differing dynamics between gold futures and the spot market were mainly shaped amid short-term profit-taking, rebalancing of positions in the futures market, as well as changes in the US dollar exchange rate. Silver prices, in turn, were supported by expectations that demand for industrial metals would remain relatively stable.
