Gold Prices Fall As Rate Hike Is Expected

Dubai – (Massader News)

Gold prices fell on Friday, and gold futures fell by 0.2% to $ 1294.3 an ounce, with expectations of a rise in US interest rates, according to a report published by Mubasher.

The spot delivery price of the yellow metal fell by 0.1% to $ 1290.8 an ounce.

The Federal Reserve’s recently released minutes revealed that many policymakers expect the rise of interest rates in the near term, according to Mubasher.

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