6 Hrs
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Sharjah24
Gold faces 6% monthly drop amid US inflation data
Expectations of up to a 6% decrease in gold prices this month, with prices stabilizing around $4,180 per ounce in spot transactions, as investors await U.S. inflation data that will determine the Federal Reserve's monetary policy path. Gold prices have fallen by more than 6% since the beginning of the month, while futures rose by 0.8% to approximately $4,212. Other precious metals, such as silver, platinum, and palladium, experienced monthly declines, reflecting market anticipation of an interest rate hike amid inflation concerns.
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