19 Hrs
Source:
Sharjah24
Gold declines 1.5% to $4,223.95
Gold prices declined by more than 1.5% in both spot and US futures trading, with the ounce reaching $4,223.95 and $4,257.90 respectively. This drop was driven by rising oil prices and increasing inflation concerns, which strengthened expectations that the U.S. Federal Reserve will raise interest rates again. Other precious metals, such as silver, platinum, and palladium, also saw notable declines ranging from 2.1% to 2.6%. This downturn comes amid market anticipation of the U.S. interest rate decisions and developments in global inflation.
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