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شبكة راية الإعلامية
Gold Likely to Drop for Four Months
Gold prices fell today, Friday, marking the largest weekly decline in more than four months. The drop was driven by rising oil prices and strong US economic data, which increased expectations for the Federal Reserve to extend the period of high interest rates. The spot price of gold decreased by 0.1% to $4,018.69 per ounce, reaching its lowest level since early August and falling 3.4% since the start of the week, the biggest weekly drop since June. Additionally, December futures for US gold contracts declined by 0.6%, settling at $4,033.70. As for other precious metals, they also saw declines: silver dropped by 0.1% to $54.46, platinum by 0.4% to $1,563.67, and palladium by 0.5% to $1,051.00—all heading toward recording weekly losses.
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