London-Sana
Gold prices fell today, pressured by the stability of the dollar and the rise in US bond yields, at a time when the US Federal Reserve is preparing to announce a major interest rate hike to curb inflation.
Reuters reported that the price of gold fell in spot transactions by 0.4 percent to $ 1669.80 an ounce, while US gold futures settled at $ 1678.2020.
The dollar remains stable near a two-decade high, making gold less attractive to holders of other currencies, and 10-year US Treasury yields are near their highest level since 2011.
As for other metals, silver fell 1.4 percent to $19.43 an ounce, while platinum rose 0.2 percent to $920.56, and palladium fell 2.5 percent to $2173.31.
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