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[size=36]The decline in gold prices in the world markets[/size]
Economie| 09:58 - 02/21/2022
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Follow-up – Mawazine News
: Gold prices fell, today, Monday, after hitting their highest level in more than eight months, as the plan of the US and Russian presidents to hold a summit on the Ukraine crisis led to a decline in demand for safe haven, while other interest rate increases loomed on the horizon. Fed pressed the metal.
And spot gold fell 0.3 percent, to $ 1891.33 an ounce, retreating from the session peak at $ 1908.02 - its highest level since June 3.
US gold futures fell 0.3 percent to $1,894.20 an ounce.
Investors are concerned about the possibility of a Fed tightening as inflation ramps up, and higher interest rates increase the opportunity cost of holding non-yielding bullion.
Spot silver fell 0.9 percent to $23.75 an ounce, and platinum rose 0.2 percent to $1,069.87, and the auto-catalyzed metal palladium fell 1.6 percent to $2,308.23. Ended 29/A 4
: Gold prices fell, today, Monday, after hitting their highest level in more than eight months, as the plan of the US and Russian presidents to hold a summit on the Ukraine crisis led to a decline in demand for safe haven, while other interest rate increases loomed on the horizon. Fed pressed the metal.
And spot gold fell 0.3 percent, to $ 1891.33 an ounce, retreating from the session peak at $ 1908.02 - its highest level since June 3.
US gold futures fell 0.3 percent to $1,894.20 an ounce.
Investors are concerned about the possibility of a Fed tightening as inflation ramps up, and higher interest rates increase the opportunity cost of holding non-yielding bullion.
Spot silver fell 0.9 percent to $23.75 an ounce, and platinum rose 0.2 percent to $1,069.87, and the auto-catalyzed metal palladium fell 1.6 percent to $2,308.23. Ended 29/A 4
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