29 Days
Source:
وكالة الأنباء القطرية
Gold faces its largest weekly decline in six weeks due to inflation concerns
Gold is heading towards its biggest weekly loss in six weeks due to escalating tensions between the United States and Iran, along with rising oil prices. This has increased inflationary pressures and fueled expectations of higher U.S. interest rates. The yellow metal has declined by 3.2% since the beginning of the week, after reaching its lowest level since July 1st, with spot gold prices dropping to $3,988.20 per ounce and futures rising to $3,992. Additionally, other precious metals such as silver, platinum, and palladium have also fallen, and are expected to record weekly losses as investors move away from non-yielding assets.
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