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الاقتصادية - CNN
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الاقتصادية - CNN

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Gold prices fall 2.5 percent

Gold prices fall 2.5 percent

Gold prices declined sharply by 2.5%, recording a low of $4,367 per ounce amid stronger-than-expected U.S. employment data. This boosted the likelihood of interest rate hikes and led to increased U.S. Treasury bond yields. Silver prices also fell by 5.7% to reach $69.7 per ounce. Market expectations for a U.S. rate hike rose to around 60% by October, fueling continued selling in precious metals.

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