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وكالة الأنباء القطرية
Gold falls 1% amid Fed rate hike
Gold prices declined by more than 1% following the U.S. Federal Reserve's decision to raise interest rates, leading to a strengthening dollar and a negative impact on the precious metal. The spot gold price dropped to $4,240.10 per ounce, after previously reaching a high of $4,365.57. In the short term, investors anticipate borrowing costs will continue to rise, with the central bank signaling further increases in the coming months, which supports the likelihood of continued declines in gold prices. Other precious metals, such as silver and platinum, also declined.
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