Gold Drops Despite Global Rebound
5 Articles
5 Articles
Gold prices remained virtually unchanged in trading on Wednesday, October 27, 2021, but the precious metal is on track to record a decline of about 6 percent in September.
Gold drops despite global rebound
Gold drops despite global rebound
Gold Heads for Monthly Decline as US Inflation Data Looms
Gold prices fell on Wednesday and were on track for a monthly decline as expectations of higher interest rates weighed on market sentiment, while investors awaited US inflation data for clues about the Federal Reserve’s next policy move.
Gold Prices Steady in Global Market, but Monthly Loss Nears 6%
NEW YORK: Gold prices remained largely steady in global markets on Wednesday, but expectations of higher interest rates continued to weigh on the precious metal, putting gold on track for a monthly decline of around 6%. Spot gold was trading near $4,180.30 per ounce as of 0435 GMT on Wednesday, with little significant movement recorded […]
The price of gold declined during the early Wednesdays, and it is also going to record a monthly loss, as expectations of higher interest rates pushed market morale while waiting.
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