Gold drops 1.5% amid historic monthly decline

Gold prices fell by more than 1.5%, marking a significant monthly loss likely to be the largest since 2008, amid expectations of an interest rate hike in the United States to combat inflation. The market was affected by investor caution due to rising energy costs and expectations that gold's appeal as an investment will diminish.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article