2023-04-28 17:51:00
Gold prices fell globally today, Friday, following rising inflation in the United States last March supported the dollar and boosted bets on raising interest rates next week, according to Archyde.com.
Gold fell in spot transactions 0.3 percent to 1982.65 dollars an ounce, but it remained up 0.8 percent for this month, and US gold futures fell 0.4 percent to 1991.30 dollars.
US core consumer spending, the Fed’s preferred measure of inflation, rose 0.3% in March, the same as in February, in line with expectations, with dealers raising bets on an interest rate hike next week.
Gold rose to the highest level in a year when the price of an ounce reached $ 2048.71 in mid-April with the spread of the banking crisis.
As for other precious metals, silver fell 0.6% to $24.80 an ounce, platinum fell 0.9% to $1067.85, and palladium rose 1.1% to $1511.32, all heading towards a second monthly increase.
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