Gold prices are falling (24/8) today after the Fed confirms the intention to raise interest rates



On the world markets, gold prices fell yesterday despite strong pressure in the US after a senior Federal Reserve representative reaffirmed the central bank's intention to raise interest rates. and the new tariff series between the US and China officially entered into force.

This crop is now 248 after the federation has confirmed the hybrid Gold price today (23/8) lower, the price of gold in the world
This crop is now 248 after the federation has confirmed the hybrid Gold price today (22/8) recovered after the US president criticized the Fed's increased interest rates

World gold prices fell after the Fed official confirmed the intention to raise interest rates

This crop is now 248 after the federation has confirmed the hybrid
Artwork. Source: Anthony Bradshaw / Getty Images.

The gold price stuck at $ 1,185.58 per ounce at 17.47 (Vietnam time). Meanwhile, the gold prices for delivery in December fell by 0.18 percent to $ 1,191.90 per ounce.

Gold prices fell yesterday amid strong pressure in the US after a senior Federal Reserve official reaffirmed that the central bank is planning to raise interest rates and a new set of rates. between the US and China officially in force.

Fed Chairman Jerome Powell will give a speech on 24 August, which is expected to signal the next rate hikes due to an unemployment rate of 3.9 percent and short-term inflation. 2% target percentage of the Fed.

Spot gold fell 0.7 percent to $ 1,187.30 per ounce by 0304 GMT, the highest settlement since August 13 at $ 1,201.51 per ounce in the previous session. .

American gold futures for delivery in December closed 0.8% at $ 1.19 per ounce, while the dollar strengthened against the main currencies.

Gold could not rise above the main psychological threshold of $ 1,200 per ounce on August 22 when the greenback recovered a day later.

"As the dollar strengthens again, gold prices will fall again," said Chris Gaffney, president of the global markets at TIAA Bank.

Spot silver dropped 1.2 percent to $ 14.56 per gram after hitting low consumption of $ 14.49 per gram per week. Similarly, platinum prices closed 1.7 percent to $ 778.40 per ounce, after a six-day decline to $ 771.75 per ounce.

Changjiang

According to Economics & Consumer


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