Sunday 20/August/2023 – 12:33 AM
Gold prices in the global market continued their decline over the past four weeks, with the rest of the metals prices varying in conjunction with the recent decisions of the US Federal Reserve to raise interest rates by a quarter of a percentage point.
The global price of gold is down $90 an ounce
and decline Global gold pricesapproaching its lowest level in 5 months, as the global price of the metal fell by nearly $ 90 in a month, to drop an ounce from $ 1987 in the last third of July to $ 1888 in the latest updates.
Gold ounce prices fell globally, by nearly 4.5%, within one month, amid global investors’ concern about the continued raising of US interest rates to curb inflation and control price hikes.
Oil prices rose by 1% the day before yesterday, Friday, amid signs of slowing production in the United States, but the two benchmarks ended their longest streak of weekly gains in 2023 due to growing concerns about global demand growth.
Brent crude futures rose the day before yesterday by 68 cents, or 0.8%, to settle at $84.80 a barrel, and West Texas Intermediate crude futures rose 86 cents, or 1.1%, to $81.25 a barrel, upon settlement.
2023-08-19 21:36:33
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