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Gold prices fall as US interest rates may rise

2022-08-08T08:31:33.498Z

London, SANA- Gold prices fell today after the strong US jobs data last week boosted the possibility of



London-Sana

Gold prices fell today after strong US jobs data last week boosted the possibility that the Federal Reserve will raise interest rates significantly.

Reuters reported that the price of gold in spot transactions fell 0.1 percent to $1,771.74 an ounce, after declining one percent in the previous session.. US gold futures also fell 0.2 percent to $1,788.20.

As for other precious metals, the price of silver settled in spot transactions at $19.87 an ounce, and platinum fell 1.3 percent to $920.25, while palladium settled at $2125.68.

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Source: sena

All business articles on 2022-08-08

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