Gold falls to three-month low

Gold prices have fallen to their lowest levels since March due to rising oil prices and increasing military tensions between the United States and Iran, which have heightened fears of potential inflation and the likelihood of interest rate hikes. The spot gold price declined by 1.4% to $4,197 per ounce, with expectations of a deeper decline if the $4,100 level is broken. Meanwhile, other precious metals also experienced similar losses due to geopolitical escalation and rising interest rate expectations.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article