Gold and silver prices fell sharply during trading today (Friday), affected by the rise in the dollar in light of growing expectations of the Federal Reserve tightening monetary policy, amid quiet trading due to the “Dragon Boat Festival” holiday in China and Hong Kong.
While the dollar index – which measures the performance of the US currency against a basket of six major currencies – rose by 0.25% to trade at 101.11 points.
An ounce of gold fell to gold (spot) $4131.22, a decrease of $78.85.
Gold and silver prices declined sharply during today’s trading (Friday), affected by the rise of the dollar amid growing expectations of the Federal Reserve tightening monetary policy, with quiet trading due to the “Dragon Boat Festival” holiday in China and Hong Kong.
Meanwhile, the dollar index – which measures the performance of the US currency against a basket of six major currencies – rose by 0.25% to trade at 101.11 points.
The price of gold per ounce (spot) fell to $4131.22, down by $78.85.
