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الوئام
Gold set for largest weekly decline in 4 months
Gold prices declined today, heading toward their biggest weekly drop in over four months, due to rising oil prices and strong U.S. economic data that reinforce expectations that the Federal Reserve (the U.S. central bank) will keep interest rates high for a longer period. The spot price of gold decreased by 0.1% to $4,018.69 per ounce, recording its lowest level since August, while futures contracts also fell by 0.6%. Other precious metals, such as silver, platinum, and palladium, also declined, with all of them heading for weekly decreases.
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