16 Hrs
Source:
وكالة الأنباء القطرية
Gold Falls Amid U.S. Policy Review
Gold prices in the Asian market declined today by 0.5%, reaching $4,576.30 per ounce, after hitting its highest level in more than three months earlier this week amid investor anticipation of the U.S. monetary policy trajectory. Additionally, U.S. gold futures fell by 0.8% to $4,629.00. The decline is attributed to rising interest rates, as gold is viewed as a hedge against inflation but typically does not generate returns when interest rates are high. Moreover, other precious metals also declined: silver dropped 1% to $68.54, palladium decreased 0.8% to $1,339.84, and platinum fell 0.6% to $1,834.83, with a weekly loss expected.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)