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Gold falls to its lowest level in 3 weeks

2022-08-19T07:00:02.615Z


London, SANA-Gold prices fell to their lowest level in three weeks today, as the rise of the dollar and expectations of a price hike led to...


London-Sana

Gold prices fell to their lowest level in three weeks today, as the dollar's rise and expectations of a US Federal Reserve raising interest rates reduced the attractiveness of the yellow metal.

And Reuters reported that gold fell in spot transactions 0.3 percent to 1752.89 dollars an ounce, after falling to its lowest level since July 28 at 1751.01 dollars earlier in the session.

US gold futures fell 0.3 percent to $1,766.20.

Among other precious metals, spot silver fell 0.9 percent to $19.35 an ounce, platinum fell 0.4 percent to $907.84 an ounce, and palladium fell 0.3 percent to $2149.35.

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Source: sena

All business articles on 2022-08-19

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