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 :