Gold falls to two-month low, sells below N200,000 per gram
3 Articles
3 Articles
Gold falls to two-month low, sells below N200,000 per gram
Spot gold has fallen to a two-month low, testing a significant technical floor at its 200-day Simple Moving Average (SMA). The post Gold falls to two-month low, sells below N200,000 per gram appeared first on Nairametrics.
Gold prices fell on Thursday as renewed US attacks on Iran pushed oil prices higher, raising concerns about rising inflation and casting a shadow over economic forecasts.
Rising inflation concerns in global markets and uncertainties surrounding the US Federal Reserve's (Fed) interest rate policy have led to a sharp decline in gold prices. Parallel to the losses in ounce gold, gram and quarter gold prices in Turkey also started the day lower.
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