Gold Starts Week with Sharp Decline as Oil, Interest Rate Pressures Strengthen
12 Articles
12 Articles
Oil prices rose by about 3% as peace talks between America and Iran stalled, while gold declined by 2.87% owing to oil rises and bond returns and increased prospects for raising American interest.
The spot price of gold fell 3.07% to $4,145.51 per ounce, reaching its lowest level since August 5.
Gold prices fell by more than 2 per cent, during today ' s Monday dealings 28 Steinber 2026, under the pressure of rising oil prices and renewed expectations that the US Federal Reserve might again raise interest rates. Gold in spot transactions fell by 2.7 per cent, to $471.85 per ounce, according to prices recorded at the time of data preparation. [...]
Gold prices fell by more than 1% during the two dealings, affected by rising oil prices and growing inflation concerns, which enhanced investors ' expectations by the Reserve Board.
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