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Gold prices drop

2022-10-05T20:02:38.751Z

London, SANA- The price of gold fell by more than one percent today, with the dollar regaining its momentum. Reuters reported that gold



London-Sana

The price of gold fell by more than one percent today as the dollar regained its momentum.

Reuters reported that gold fell in spot transactions 1.2 percent to $ 1705.59 an ounce, and US gold futures fell one percent to $ 1714.

The dollar index jumped 0.8 percent against its rivals, after losing 1.3 percent, recording its largest decline since March 2020, and the 10-year US Treasury bond yields also rose.

As for other precious metals, the price of silver in spot transactions fell four percent to $ 20.27 an ounce, platinum fell 1.5 percent to $ 916.08, and palladium fell 1.2 percent to $ 2289.03.

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Source: sena

All business articles on 2022-10-05

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