10 Hrs
Source:
وكالة الأنباء القطرية
Source: وكالة الأنباء القطرية
10 Hrsوكالة الأنباء القطرية
Source: وكالة الأنباء القطرية
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Gold prices declined in Asian trading, heading towards a weekly drop of over 2%, driven by the strengthening dollar and expectations of continued U.S. interest rate hikes to curb inflation. The spot price of gold fell by 0.2% to $4,270.40 per ounce, while futures rose by 0.2% to $4,304.80. Other precious metals also saw declines, with silver down 0.5% to $63.58, and palladium dropping 1.3% to $1,257.70. Meanwhile, platinum remained steady at $1,749.61. A stronger dollar makes gold more costly for buyers holding other currencies, and higher interest rates reduce demand for gold as an inflation hedge, given its diminished appeal in an environment of rising borrowing costs.
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