22 Hrs
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Sharjah24
Gold drops 1.1% spot, 1% futures
Gold prices dropped by 1.1% in spot transactions to around $4,142.61 per ounce, and by 1% in August-delivery futures to approximately $4,160.20, amid expectations that the U.S. Federal Reserve will raise interest rates this year, while the dollar remains steady. Other precious metals also declined: silver fell by 3.3% to $63.05 per ounce, platinum dropped by 1.9% to $1,646.30, and palladium decreased by 1.8% to $1,242.75.
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