Precious Metals Decline as Silver Leads Losses; Dollar Strengthens Against Euro
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Precious metals retreated in early October trading, with silver posting the steeper decline. Silver fell ▼ 1.19% to 60.52 USD, trading between 60.52 USD and 62.13 USD during the session. Gold also softened, declining ▼ 0.98% to 4141.80 USD, with prices ranging from 4141.80 USD to 4224.30 USD.
Cryptocurrencies Post Modest Losses
Bitcoin and Ethereum both edged lower but remained relatively stable. Bitcoin fell ▼ 0.22% to 84677.00 USD, having traded between 84441.00 USD and 86795.00 USD. Ethereum declined more noticeably, down ▼ 0.88% to 2681.57 USD, with a range of 2665.67 USD to 2754.42 USD.
Foreign Exchange Markets
The US dollar strengthened significantly against the euro, gaining ▲ 1.29% to reach 0.8888 EUR per dollar, having moved between 0.8775 EUR and 0.8888 EUR. Sterling showed minimal movement, with USD/GBP rising just ▲ 0.12% to 0.7560 GBP. Gulf Cooperation Council pegs remained unchanged: USD/QAR held at 3.6400 QAR, USD/SAR at 3.7500 SAR, and USD/AED at 3.6725 AED.
At a Glance
- Gold: 4141.80 USD, down ▼ 0.98%
- Silver: 60.52 USD, down ▼ 1.19%
- Bitcoin: 84677.00 USD, down ▼ 0.22%
- Ethereum: 2681.57 USD, down ▼ 0.88%
- USD/EUR: 0.8888 EUR, up ▲ 1.29%
- USD/GBP: 0.7560 GBP, up ▲ 0.12%
- USD/QAR: 3.6400 QAR, unchanged
- USD/SAR: 3.7500 SAR, unchanged
- USD/AED: 3.6725 AED, unchanged