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Gold prices fall amid expectations of interest rate hike


London, SANA- Gold prices fell today, amid expectations of raising interest rates, after Jerome Powell, Chairman of the Federal Reserve, confirmed

London - Sana

Gold prices fell today, amid expectations of an interest rate hike, after Jerome Powell, Federal Reserve Chairman, "the US Central Bank", reiterated the bank's commitment to combating inflation.

And Reuters reported that gold fell in spot transactions 0.2% to $ 1832.91 an ounce.

US gold futures also fell 0.2 percent to $1,834.30.

With regard to other precious metals, silver fell 0.5% in spot transactions to $21.28 an ounce, and platinum fell 0.3 percent to $923.62, while palladium settled at $1,864.18.

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Source: sena

All business articles on 2022-06-23

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