22 Hrs
Source:
Sharjah24
Gold falls 1.2% to $4,419.09
Gold prices decreased by 1.2%, reaching $4,419.09 per ounce, with a decline in spot transactions, following the release of US employment data that exceeded expectations. This heightened expectations of a Federal Reserve interest rate hike this month. As a result, the appeal of the non-yielding precious metal weakened, leading gold to incur weekly losses, dropping over 2% during the session to a low of $4,364.99. Other precious metals also fell, with silver, palladium, and platinum experiencing declines, and the metals collectively heading toward weekly losses.
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