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Gold hits $4067 amid tensions
Global gold prices declined today, Monday, down by 0.5% to reach $4,067.99 per ounce, amid rising oil prices following renewed tensions between the United States and Iran in the Middle East. This comes alongside strong expectations of an interest rate hike by the U.S. Federal Reserve, with market indicators indicating a possible three rate increases this year, and a 77% probability of a hike in December. Other precious metals also saw declines, with silver dropping by 1.1% to $58.49 per ounce, palladium decreasing by 0.4% to $1,204.25, while platinum rose by 0.4%.
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