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Gold jumps amid dollar weakness and interest rate hike fears


London, SANA- Gold prices jumped one percent today, with the dollar’s ​​decline and fears of raising the Federal Reserve


Gold prices jumped 1% today with the dollar's decline and fears of an interest rate hike by the Federal Reserve.

Reuters reported that the price of gold rose in spot transactions by 1.1 percent to $ 1639.94 an ounce, while US gold futures rose 0.9 percent to $ 1647.70.

The dollar index fell 0.4 percent after hitting a two-decade high during the previous session, and the 10-year Treasury yield fell from its 12-year peak recorded yesterday.

As for other precious metals, the price of silver in spot transactions jumped two percent to $18.70 an ounce, while platinum rose 0.9 percent to $860 and palladium rose 0.7 percent to $2060.01.

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Source: sena

All business articles on 2022-09-27

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