Gold price drops over 0.7% on Waller’s inauguration day as Fed Governor Waller’s speech boosts the US dollar

COMEX gold futures fell by 0.76% to $4,507.90 per ounce, with a cumulative weekly decrease of 1.16%. Spot silver dropped by 1.54% to $75.4955 per ounce, with a cumulative weekly decrease of 0.66%. COMEX silver futures fell by 1.20% to $75.810 per ounce, with a cumulative weekly decrease of 2.24%. COMEX copper futures rose by 1.37% to $6.38 per pound, with a cumulative weekly increase of 1.30%. Spot platinum fell by 2.13% to $1,927.51 per ounce, with a cumulative weekly decrease of 2.77%. Spot palladium fell by 2.52% to $1,352.51 per ounce, with a cumulative weekly decrease of 4.43%.