Gold drops as dollar strengthens
Gold prices declined by 0.5% to $4,087.68 per ounce, as the dollar rose to its highest level in over a year, increasing the cost of gold for buyers using other currencies. Other precious metals also fell, with silver dropping by 1.1% to $61.36 per ounce, platinum decreasing by 0.9% to $1,637.34, and palladium down by 1.2% to $1,223.29. This decline comes amid expectations of an increased likelihood of the U.S. interest rate hikes.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)