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وكالة الأنباء القطرية
Gold drops towards largest weekly decline
Gold prices fell today, heading for the biggest weekly loss in over four months, due to expectations that the Federal Reserve (the U.S. central bank) will stick to raising interest rates for a longer period. The spot price of gold declined by 0.1% to $4,018.69 an ounce, the lowest since last August, with weekly losses totaling 3.4%. Additionally, December gold futures contracts dropped by 0.6% to $4,033.70, amid rising oil prices and strong US economic data.
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