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وكالة الأنباء القطرية
Gold falls on inflation fears and rate hike prospects
Gold prices slightly declined due to rising oil prices, which increased inflation concerns and expectations of interest rate hikes by the U.S. Federal Reserve this week. Spot gold prices fell by 0.5% to $1,327.80 per ounce, marking its third consecutive weekly decline, while U.S. gold futures dropped by approximately 1% to $1,368.60. Other precious metals also experienced declines, with silver down 1.1% to $63.75, platinum down 0.8% to $1,782.50, and palladium down 0.7% to $1,290.36.
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