Gold Declines Slightly as dollar Strengthens
Gold prices declined today, Friday, heading for a weekly loss of more than 2%, due to the strength of the dollar and expectations that the Federal Reserve will keep interest rates high to control inflation. The spot price of gold fell by 0.2% to $4,270.83 per ounce, while U.S. gold futures rose by 0.2% to $4,305.10 per ounce. Other precious metals also experienced losses, with silver down by 0.5%, platinum by 0.1%, and palladium dropping by 1.9%, all on track for weekly losses.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)