23 Hrs
Source:
Sharjah24
Gold Gains as Markets Adjust to Rate Hike and Oil Drop
Gold prices rose by 1.1% to $4,310.49 per ounce, as investors absorbed the US interest rate hike and the halt in the oil rally. This increase came to offset previous losses after hitting its lowest level in six weeks. The decline in oil prices was due to reports of additional shipments through Oman, which eased supply concerns, while other precious metals experienced notable gains.
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