Gold falls as US rate hike anticipated and Brent exceeds $100
Gold prices dropped significantly after Brent crude oil surpassed $100 a barrel, fueling concerns about inflation and expectations of a potential Federal Reserve interest rate hike. The spot gold price fell to $4,030.09 per ounce, after reaching a two-week high, with losses expected to continue throughout the week. Meanwhile, other precious metals such as silver, platinum, and palladium also declined, heading toward weekly declines.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)