24 Hrs
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Sharjah24
Gold falls amid dollar strength and rate hike expectations
Gold prices decreased by 0.3% to $4,246.55 per ounce, influenced by the tightening of monetary policy by the Federal Reserve and a stronger dollar. Meanwhile, the ceasefire between the United States and Iran helped limit losses, along with a decline in oil prices. Gold futures fell by 2.7% to $4,264.30, while other precious metals also declined, with silver dropping 2% to $66.65, platinum reaching $1,718.78, and palladium decreasing by 2.1% to $1,285.10.
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