Gold prices fall below $4,000 per ounce amid rising inflation concerns
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Gold prices on global markets have dropped below 4,000 dollars per troy ounce. This fall follows a rise in oil prices that has sparked worries about inflation. Recent data from the United States showed inflation was stronger than expected. Because of these figures, there are growing expectations that the Federal Reserve might raise interest rates again before this year ends.
Gold prices have fallen below the $4,000-per-troy-ounce mark on global markets. The decline comes as rising oil prices fuel inflation concerns and stronger-than-expected inflation data in the United States increase expectations that the Federal Reserve (Fed) could raise interest rates again before the end of the year. The price of gold is currently hovering around ...