Gold Falls to Lowest Level in over One Year
4 Articles
4 Articles
Gold prices fell by 3% today Thursday, continuing their losses for the third consecutive meeting, to record their lowest level in more than a year, with rising oil prices and growing fears of inflation, amid falling hopes for a settlement of the crisis in the Middle East, which has reinforced expectations that high interest rates will continue.
Gold falls to lowest level in over one year
New York: Gold prices extended losses for a third consecutive session on Thursday, falling around three percent to their lowest level in more than a year.Spot gold dropped 2.9 percent to US$3,871.31 per ounce by 17:30 GMT, after touching its lowest level since October 2025 earlier in the session.US gold futures for December delivery fell 3.2 percent to $3,872 per ounce.
(Dan Tri Newspaper) - World gold prices fell for the third consecutive session, reaching their lowest level since October 2025. A stronger US dollar, inflationary pressures, and the possibility of further interest rate hikes by the Fed are putting pressure on the precious metal.
Reuters reported that gold continued to decline in instant transactions, down 3% to $3866.08 per ounce.
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