20 Hrs
Source:
وكالة موازين نيوز
Gold falls amid dollar rise and Fed decision expectations
Gold prices declined today, Tuesday, due to the strength of the dollar, as investors await the U.S. Federal Reserve's decision on whether to raise or hold interest rates during its meeting which concludes on Wednesday. The spot gold price dropped by 0.7% to approximately $4,045 per ounce. The rise in the dollar put pressure on yellow metal prices, with markets leaning towards expectations of rate stabilization, while considering the possibility of a hike again at the September meeting. The gold market also responded to statements by Trump, who called on the Federal Reserve to cut interest rates, along with developments in the Iranian issue, including potential negotiations between Washington and Tehran, amid ongoing escalation of attacks in the region. Other precious metals, such as silver, platinum, and palladium, also declined significantly due to these developments and market pressures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)