- Analytics
- News and Tools
- Market News
- Gold price fell to a fresh five-month low
Gold price fell to a fresh five-month low
Gold price fell to a fresh five-month low, on a stronger dollar and increased expectations that the Federal Reserve would raise U.S. interest rates next month says Dow Jones.
Spot gold prices were down 0.48% at $1,208.48 a troy ounce in mid-morning trade, the lowest price since early June, after trading at a nine-month low earlier in the day.
The WSJ Dollar Index, which tracks the greenback against a basket of other currencies, was up 0.12% Friday, after gaining for nine consecutive days.
A stronger dollar is typically bearish for gold and other dollar-denominated commodities, because it makes them more expensive for buyers holding other currencies.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
