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<Commodity> Gold Retreats from Peak as Rate Hike Expectations Intensify
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US President Donald Trump stated that he will continue launching attacks on Iran, triggering market concerns over inflation and strengthening expectations of rising interest rates. Gold prices retreated from highs on Thursday by about 2%. Spot gold fell USD80 or 1.7% to USD4,678.5 per ounce. Gold futures for May delivery dropped USD111 or 2.3% to USD4,684 per ounce. Silver futures for May delivery declined 4.9% to USD72.4 per ounce. Copper futures for May delivery slipped 0.7% to USD5.61 per pound. Platinum futures for July delivery edged down 0.4% to USD1,982.5 per ounce. Palladium futures for June delivery rose 1.3% to USD1,515.5 per ounce. (sw/m) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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