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وكالة الأنباء القطرية
Gold falls over 1% on rate hike concerns
Gold prices fell by more than 1.5% amid rising oil prices and expectations that the U.S. Federal Reserve will raise interest rates again. The spot price of gold declined to $4,223.95 per ounce, while futures dropped to $4,257.90. It is anticipated that the U.S. central bank will raise interest rates once more, after an earlier quarter-point increase to between 3.75% and 4%. Additionally, the prices of other precious metals, including silver, platinum, palladium, and palladium, decreased by between 2.1% and 2.6%.
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