7 Articles
7 Articles
Last week, the strengthening dollar, coupled with expectations, put pressure on precious metals. On an ounce basis, gold fell by 2.1%, silver by 3%, palladium by 2.4%, and platinum by 1.2%.
Gold surprised Wall Street experts. Their forecasts for this week have changed significantly. This is what the market could look like this week.
In commodity markets, the value of gold futures for a troy ounce (31.1 grams) has decreased and dropped below $4,200.
Precious metal falls by 2.11%, while silver plummets by 3.73%, in the face of the rebound of higher-rate bets in the United States and the energy tension linked to Iran.
As of 06:57 GMT, spot gold was trading at $4,198.10 per ounce, down 2.1 percent. This marked the precious metal's biggest daily drop since September 1st...
(Dan Tri Newspaper) - The sharp drop to the $4,200/ounce range has caused financial institutions to become cautious and divided into factions, but most individual investors still believe the precious metal is only in a necessary accumulation phase.
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