The US Federal Reserve and market analysts observed a downturn in global precious metals markets on Friday, with spot gold prices declining and signaling a potential weekly decrease. Data showed that spot gold slipped 0.5 percent to trade at $4,326.75 per ounce, while United States gold futures for December delivery fell nearly 1.0 percent to $4,382.50 per ounce. These market declines followed a sharp, temporary rally on Thursday, when bullion prices reached their highest levels in over two months before retreating 1.3 percent amid sudden profit-taking.
