Awaiting Crucial Federal Decisions

Global gold prices suffered a brutal financial plunge today. The precious metal hit a terrifying three-month low in Singapore. Investors nervously await the upcoming Federal Reserve monetary policy meeting. Traders desperately seek new clues regarding future American interest rate moves.

Losing Massive Financial Momentum

The spot price of gold fell 0.2 percent to exactly $3,987.45 an ounce. This massive drop follows a catastrophic four percent weekly decline last Friday. United States gold futures for December delivery also dropped 0.2 percent today. American futures contracts hit a dismal $4,000.80 per ounce.

Tracking Other Precious Metals

Markets eagerly anticipate vital new personal consumption expenditure data soon. Meanwhile, other precious metals experienced highly mixed financial results today. Silver prices rose 0.2 percent to hit $54 an ounce. Platinum dropped slightly to $1,549.42, while palladium climbed to $1,047.90.

Track the latest massive shifts in global finance directly on Oman Day.