39 Days
Source:
الخليج
Gold falls below $4,000 and faces 3.2% weekly decline; silver remains at $55
Gold prices fell below the $4,000 mark, heading for a weekly loss of 3.2%, the largest in six weeks, due to escalating tensions between the United States and Iran and rising oil prices. This has increased inflationary pressures and the likelihood of a U.S. interest rate hike. Spot gold experienced a slight increase to $3,988 per ounce but is down 3.2% since the start of the week. Meanwhile, silver dropped to $55.22, along with other precious stones like diamonds, amid ongoing geopolitical risks and the impact of rising oil prices on inflation expectations and interest rates.
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