RIYADH: Gold prices fell to a fresh nine-month low on Tuesday, pressured by the dollar’s continuing rally, even as investors awaited the US inflation data that could prompt the Federal Reserve to solidify its aggressive stance on monetary policy.
Spot gold fell 0.3 percent to $1,728.58 per ounce by 0457 GMT, after hitting its lowest since Sept. 30 at $1,722.36 earlier in the session.
US gold futures eased 0.3 percent to $1,727.20.
Silver, platinum, palladium prices fall
Spot silver fell 0.4 percent to $19.01 per ounce, while platinum dipped 0.8 percent to $862.66.
Palladium dropped 2.3 percent to $2,113.18.
Corn, soybean, wheat prices gain
Chicago corn and soybean prices rose for the fifth session on Tuesday on forecasts for hot, dry conditions across the Midwest farm belt and positioning ahead of monthly supply and demand reports from the US Department of Agriculture.
Wheat prices rose after closing sharply lower on Monday.
The most-active corn contract on the Chicago Board of Trade was up 0.4 percent at $6.31-1/4 a bushel at 0207 GMT, and soybeans added 0.7 percent to $14.15 a bushel.
Wheat gained 0.6 percent to 8.61-3/4 a bushel.
Copper falls on demand worries
Copper prices in London extended losses for a third straight session on Tuesday, hit by a strong dollar and demand worries amid COVID-19 curbs in top consumer China and higher benchmark interest rates globally.
Three-month copper on the London Metal Exchange fell 0.5 percent to $7,550 a ton by 0430 GMT.
The most-traded August copper contract on the Shanghai Futures Exchange declined 1.2 percent to $8,616.85 a ton.
(With input from Reuters)