1 Day
Source:
الحقيقة الدولية
Gold declines for third week amid rising dollar
Gold prices have declined slightly and are on track to record their third consecutive weekly loss, due to the strengthening dollar and signals indicating a potential tightening of monetary policy by the U.S. Federal Reserve. The spot price of gold was $4,189.26 per ounce, while August futures contracts decreased by 0.9% to $4,207.80. Meanwhile, the dollar remained near its highest level in a year, increasing the cost of the non-yielding metal. Additionally, the prices of other precious metals such as silver, platinum, and palladium also declined.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)