Gold Drops 3% to over One-Year Low as Fading Middle East Peace Hopes Fan Inflation Fears
6 Articles
6 Articles
Gold drops 3% to over one-year low as fading Middle East peace hopes fan inflation fears
Among other metals, spot silver fell 3.33% to $49.97 per ounce after touching its lowest level since November 4 earlier in the session, while spot platinum lost 1.2% to $1,519.05
The price of gold falls by almost 3 per cent because of concerns about inflation and the strengthening of the dollar, according to the bid data and the analyst's commentary.
#Swalev's gold prices fell by about 3% during Thursday's dealings, continuing its losses for the third consecutive session, to record its lowest levels in more than a year, amid pressures caused by rising oil prices, rising inflation concerns, and rising expectations of continued high US interest rates. The price of gold in immediate transactions fell by 2.9% to $3,371.31 per ounce, by 17:30... this gold content drops by 3% and the lowest level …
Silver fell 3.3% to $49.99. Platinum lost 1.1% to $1,520.69. Palladium weakened 3% to $996.99.
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