Gold faces weekly decline
Gold prices declined today, Friday, heading towards a weekly loss due to the strength of the dollar and expectations that the U.S. Federal Reserve will keep interest rates high to control inflation. The spot price of gold fell by 0.2% to $4,270.83 an ounce, marking a decline of over 2% since the beginning of the week, while U.S. futures contracts rose to $4,305.10. Other metals, including silver, platinum, and palladium, also experienced weekly losses as a result of these developments.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)