{Economic Information Daily, 28th} Rising U.S. Treasury yields, Federal Reserve tightening policies, and a stronger U.S. dollar have weakened the appeal of non-yielding assets. Gold prices declined on Monday, with spot gold briefly falling below $4210 per ounce.
Spot gold is currently trading at $4212 per ounce, down approximately 1.7%. Silver prices are trading at $62.44 per ounce, down 2.83%.
After the Federal Reserve raised interest rates earlier this month, investors estimate about a 65% chance of another rate hike in October, continuously adjusting their expectations for Fed policy. Gold prices this month have fluctuated within a relatively narrow range of $4230 to $4510 per ounce, far below the historical high of nearly $5600 reached in January. (yc)
Spot gold is currently trading at $4212 per ounce, down approximately 1.7%. Silver prices are trading at $62.44 per ounce, down 2.83%.
After the Federal Reserve raised interest rates earlier this month, investors estimate about a 65% chance of another rate hike in October, continuously adjusting their expectations for Fed policy. Gold prices this month have fluctuated within a relatively narrow range of $4230 to $4510 per ounce, far below the historical high of nearly $5600 reached in January. (yc)
