Gold and Silver Prices Hit Four-Month Low Globally, Plunging in Thailand
Gold has fallen to a four-month low, nearing bear-market territory, and silver prices have also dropped significantly, with gold prices in Thailand plunging by 3,850 baht, as higher interest rates, inflation fears, and economic uncertainty from the Iran war contribute to their decline.
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Gold flirts with bear-market territory as Iran war takes its toll
Higher interest rates, forced liquidation of positions for margin calls and the possibility of central banks having to tap their reserves are conspiring to send gold lower, despite the economic uncertainty from which it’s meant to benefit.
By Jules Rimmer
Read full article →Gold dives to 4-month low as inflation pressures lift rate hike bets
Gold slid more than eight per cent on Monday to hit its lowest level in four months, after logging its biggest weekly loss in about 43 years last week, as an escalating Middle East conflict stoked inflation concerns and raised expectations of higher global interest rates. Spot gold declined 6.3pc to $4,203.21 per ounce by 07:57 GMT (12:57pm PKT), extending losses into a ninth straight session. It had shed more than 8pc to $4,097.99 earlier in the session to its lowest level since November 24....
By none@none.com (Reuters)
Read full article →Gold dives to four-month low as inflation pressures lift rate hike bets
Read full article →Gold prices plunge in Thailand
Gold prices in Thailand dropped sharply on Monday, falling by 3,850 baht from the previous close, according to the latest update from the Gold Traders Association.
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