Gold Falls on Renewed Inflation Concerns

Charissa Swanepoel
1 Min Read

World Capitals: SiltaNews – News Desk

Gold prices ​fell on Monday, as a lack of progress in US–Iran peace negotiations ‌pushed oil prices higher, fuelling concerns that elevated inflation could keep interest rates higher for longer.

Spot gold fell 0.6% at $4,684.32 per ounce, as of 0223 GMT. US gold futures for June delivery lost ​0.8% at $4,692.70. Spot silver rose 0.7% at $80.88 per ounce, platinum slid 0.6% to $2,042.71, ​and palladium was down 0.4% at $1,484.99.

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *