Gold Falls as Oil Climbs and Rate Hike Signs Appear
Gold prices decreased today, Monday, due to the escalation of the war in the Middle East, with the price dropping by 0.4% to reach $4,000.55 per ounce. This follows its lowest level in two weeks on Friday, with a weekly decline of 2.5%. Meanwhile, Brent crude oil prices surged more than 3%, surpassing $90 per barrel, after the United States announced the end of the ninth wave of attacks on Iran and the death of American soldiers in Jordan. Other precious metals, such as silver, platinum, and palladium, also experienced slight gains.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)