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Gold is heading for a weekly loss as interest rates are expected to rise

2022-10-14T08:24:39.616Z


London, SANA- Gold prices rose today, supported by the decline in the dollar and US treasury yields London-Sana Gold prices rose today, supported by the decline in the dollar and US Treasury yields, but the increasing expectations of another rise in US interest rates kept the precious metal on its way to record a weekly decline. Reuters reported that the price of gold increased in spot transactions 0.2 percent to $ 1668.46 an ounce, and prices fell by 1.6 percent so far during the week, and go


London-Sana

Gold prices rose today, supported by the decline in the dollar and US Treasury yields, but the increasing expectations of another rise in US interest rates kept the precious metal on its way to record a weekly decline.

Reuters reported that the price of gold increased in spot transactions 0.2 percent to $ 1668.46 an ounce, and prices fell by 1.6 percent so far during the week, and gold futures in the United States decreased by 0.1 percent to $ 1666.80.

Spot silver rose 0.6 percent to $18.98 an ounce, platinum rose 0.5 percent to $900.49 and palladium 0.9 percent to $2125.50.

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Source: sena

All business articles on 2022-10-14

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