[ad_1]
Gold fell by more than 1% and reached its lowest level in a year as the dollar was strengthened by US Federal Reserve Chairman Jerome Powell
Powell gave an optimistic view from the US economy. As markets expect to raise interest rates twice this year, economic growth continues.
The dollar, the currency of gold, is appreciated against a basket of currencies during the certificate, increasing the cost of metal for non-US investors.
The spot price of gold was down 1.1% to $ 1226.91 an ounce after hitting lower lows since July 2017 at $ 1225.58.
Gold futures for delivery in August fell $ 12.40, or 1%, to settle at $ 1227.30 an ounce.
Money fell 0.9% on spot transactions to $ 15.60 an ounce. , And fell earlier to $ 15.51, its lowest price since July 2017.
Platinum fell 1.2% to $ 812 an ounce, recording a low of 808 , $ 89.
Palladium dropped 0.4% to $ 913.50 an ounce after falling to $ 905.05, its lowest since April 9th.
[ad_2]
Source link
