Gold falls to $4,354.58
Gold prices fell by about 1% today after reaching their highest level in over two months, following U.S. inflation data that reduced expectations of an interest rate hike by the Federal Reserve. Spot gold prices declined to $1,354.58 per ounce, while futures fell to $1,420.40, amid a decline in other precious metals such as silver, platinum, and palladium. This downturn is attributed to investors taking profits after the previous price increases, along with lower expectations for a near-term US interest rate hike.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)