Gold prices fell globally after US interest rate hike

Top Stories
Most Popular

Panorama

Dutch Crown Princess Amalia fled to Spain over kidnap fears

UAE rain causes travel chaos at Dubai Airport with runway flooded and aircraft backlog

WhatsApp backtracks on subtle change that saw capital letters added

Bride, 38, dies after falling into swimming pool

Prince Harry loses first appeal bid in challenge over his UK police protection

World's First 'Miss AI' pageant announced

Dinosaurs displayed a fast growth rate from the very beginning

Marine worm with giant eyes 20 times size of its head leaves scientists perplexed

Nepal to remove trash and dead bodies from Mount Everest

Overdue library book returned 105 years later

Home World Gold prices fell globally after US interest rate hike 16-06-2022 12:38 PM Ammon News - Gold prices inched lower on Thursday, as the dollar recovered slightly after the US Federal Reserve on Wednesday approved a 75-basis-point interest rate hike, its largest in more than a quarter of a century, to stem a surge in inflation, and flagged a slowing economy. Spot gold prices fell by 0.17% to US$1830.93 per ounce as of 10:30 UAE time, while gold futures rose by 0.72% to $1832.75 per ounce. The Federal Reserve on Wednesday raised interest rates by three-fourths of a percentage point, the biggest increase since 1994, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%.

Home World

Gold prices fell globally after US interest rate hike

16-06-2022 12:38 PM

Ammon News - Gold prices inched lower on Thursday, as the dollar recovered slightly after the US Federal Reserve on Wednesday approved a 75-basis-point interest rate hike, its largest in more than a quarter of a century, to stem a surge in inflation, and flagged a slowing economy.

Spot gold prices fell by 0.17% to US$1830.93 per ounce as of 10:30 UAE time, while gold futures rose by 0.72% to $1832.75 per ounce.

The Federal Reserve on Wednesday raised interest rates by three-fourths of a percentage point, the biggest increase since 1994, which will increase the Fed’s benchmark federal-funds rate to a range between 1.5% and 1.75%.

no comments

Notice

All comments are reviewed and posted only if approved.
Ammon News reserves the right to delete any comment at any time, and for any reason, and will not publish any comment containing offense or deviating from the subject at hand, or to include the names of any personalities or to stir up sectarian, sectarian or racial strife, hoping to adhere to a high level of the comments as they express The extent of the progress and culture of Ammon News' visitors, noting that the comments are expressed only by the owners.

name : *
email
	show email
comment : *
Verification code :	Refresh write code :