_1777352142843_145525226.png&w=48&q=75){kind=small}
Gold falls at Monday open
Gold prices decreased noticeably today, Monday, due to rising concerns over interest rate hikes in the United States. This followed the release of a strong jobs report, which led to increased yields on U.S. Treasury bonds, thereby putting more pressure on the precious metal. The spot price of gold reached $4,313.11 per ounce after a 3% decline on Friday, marking its lowest level since March. Additionally, oil prices rose by more than $3 per barrel, fueling fears of inflation and its impact on gold as a hedge.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)