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Gold at its lowest level in 3 weeks

2022-10-20T06:18:39.559Z


London, SANA- Gold prices fell to their lowest level in three weeks today, due to pressures from the rise of the dollar, and the world


London-Sana

Gold prices fell to their lowest level in three weeks today, pressured by the rise of the dollar, and the yield on Treasury bonds, amid fears that the US Federal Reserve will continue to raise interest rates by a large amount.

And Reuters reported that gold fell in spot transactions 0.1 percent to $ 1627.04 an ounce, and prices reached their lowest level since September 28, earlier in the session, at $ 1624.98 an ounce.

Gold futures fell 0.1 percent to $1,632.60 an ounce.

As for other precious metals, silver fell in spot transactions 0.4 percent to $ 18.36 an ounce, platinum fell 0.6 percent to $ 878.52 an ounce, and palladium fell 0.6 percent to $ 1988.78 an ounce.

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Source: sena

All business articles on 2022-10-20

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