Daily Market Updates: Gold Sinks: Where Does Such Strong Pressure on Precious Metals Come From?

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Gold Sinks: Where Does Such Strong Pressure on Precious Metals Come From?

Reported · Written up by our desk · Major Pairs

Gold fell to 3,909 USD per ounce on Friday, its lowest level in almost a year. The metal is under pressure from fears of persistent US inflation and expectations of further interest rate hikes. The market’s focus now shifts to the US Producer Price Index (PPI) for October. Geopolitical tensions are once again feeding into […] The post Gold Sinks: Where Does Such Strong Pressure on Precious Metals Come From? appeared first on ActionForex .

Latest closeGold $3,891.20 ▲0.1%

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Action ForexGold Sinks: Where Does Such Strong Pressure on Precious Metals Come From?

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Gold Sinks: Where Does Such Strong Pressure on Precious Metals Come From?

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