Gold falls as oil prices climb
Gold prices declined today due to expectations of a U.S. interest rate hike, with spot gold falling by 0.5% to reach $4,067.99 per ounce. Gold futures also decreased by 0.4%. Meanwhile, oil prices rose, with Brent crude increasing by 0.8% to $72.57 per barrel, and West Texas Intermediate (WTI) climbing by 1.3% to $70.11. The US dollar index also edged up slightly to 101.36, with expectations of a 2.5% increase during June.
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